Report Says Volkswagen Could Take Tesla's EV Crown In 2024 | Carscoops carscoops
that could rapidly grow its presence in the EV industry. Bloomberg suggests that BYD will be the world’s third-largest EV manufacturer this year and hold on to this position through 2023, 2024, and 2025, sitting above the likes of Ford, General Motors, Changan, Stellantis, Geely, Mercedes-Benz, and Toyota.
Interestingly, Bloomberg suggests that the global adoption of electric vehicles will not be as fast as many predict. In fact, it suggests that the global mix of battery electric vehicles will only reach 15 per cent in 2025, a jump from 6 per cent in 2021. China will remain the dominant region where 25 per cent of sales will be for EVs in 2025 compared to 11 per cent in 2021. Approximately 20 per cent of vehicles sold throughout Europe are predicted to be EVs in 2025, up from 9 per cent in 2021.
The middle of this decade is expected to coincide with a plethora of new BEV platforms and advanced battery technologies that will make electric vehicles more affordable and desirable to consumers., their soaring BEV sales could come at the expense of pricing and profitability, having ceded first-mover advantages to Tesla.
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