Despite Volkswagen’s determination to dominate the electric vehicle market, Tesla seems to make no mistakes when it comes to being number one on the market.
The Volkswagen Group (its brands including Audi, Porsche, and Skoda) doubled the number of electric cars last year, coming to a total of 452,900 battery-electric cars delivered to customers. However, Tesla delivered over 936,000 vehicles in the same period.
Even though Volkswagen Group is the top seller of electric cars in Europe they’re pursuing expansion to all global markets. The next milestone is for the 25% of its overall sale to be electric cars, and this they will achieve by pouring over $100 billion into new models.
Volkswagen Group has already begun production of new models such as the ID.4 electric SUV but the global semiconductor shortages in 2021 have severally slowed down the output. Despite this setback, the company remains hopeful.
The global semiconductor chip shortage of previous years affected Tesla as well. Despite the issue, Elon Musk’s company managed to deliver a record amount of little over 300.000 vehicles in the last three months of 2021.
Wishing to keep its place as the market leader, Tesla plans on increasing the sales growth up to 50%. The company estimates show that these results are more than realistic after they open new factories in Texas and Germany next year.