Tesla is about to lose the lead in electric car production. And the culprit is not China

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Tesla changed everything in the automobile industry. The company was the great promoter of the beginning of the era of the electric car, and for more than a decade has led this marketbut that domain is about to end.

This is what he says A study of Bloomberg Intelligence that reveals that Tesla will cease to be the largest manufacturer of electric cars in 2024. That year will begin the reign of Volskwagen.

The king is dead, long live the king?

According to published data, the German automotive giant will manage to double its current production level and exceed two million electric cars manufactured by 2024, something that will allow it to overtake Tesla in the global market.

Screenshot 2022 06 20 At 8 43 55

Annual sales forecast for the main electric car manufacturers. Source: Bloomberg Intelligence.

Still Tesla will continue to dominate the market in the United States. The reason: the high production costs of batteries prevent brands like Ford or General Motors from catching up with Tesla as Ford is already doing. The company created by Elon Musk continues to be an absolute benchmark in the US, where, for example got 75% of all sales during the first quarter of 2022.

Both Volkswagen’s production and sales are focused on Europe, but its international expansion is in fact more focused initially on China and not on the United States: its annual report revealed how only 10% of sales were made in the North American country. .

Tesla's sweet moment and the future of the electric car: from hegemony to a more open market (Podcast Clear the X #160)

In Tesla however They will not make things easy for Volkswagen. The firm began distributing cars manufactured in the Berlin gigafactory in March, and its goal for this plant – and it is not the only one – is to reach 500,000 cars a year.

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Tesla changed everything in the automobile industry. The company was the great promoter of the beginning of the era of…

Tesla changed everything in the automobile industry. The company was the great promoter of the beginning of the era of…

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