Volkswagen is poised to overtake Tesla in 2024

Volkswagen is poised to overtake Tesla in 2024 and already leads in Europe. Execution will be key to encroaching on Tesla’s $750 billion market capitalization.

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Bloomberg’s analysis suggests a 15% global battery electric-vehicle market share in 2025 vs. 6% in 2021.

Volkswagens BEV share in China was only 3.5% in April vs. 15% for the overall market.

China’s BYD is set to become the third-largest BEV player in 2022 and may exceed 1 million units annually in 2024.

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