Block-Builders Forecast: VW to Dethrone Tesla by 2025

The finance and blockchain portal Block-Builders.de has predicted in a recent analysis based on McKinsey data that the VW Group could catch up with rival and electric car pioneer Tesla globally by the year 2025. In Germany, this is already the case, where Wolfsburg has long surpassed. Last year, 46,211 pure electric cars from Volkswagen were newly registered in Germany, compared to only 16,698 Teslas. But internationally as well, it is clear that Wolfsburg takes electromobility seriously and could soon dethrone Tesla, the analysts conclude. Nevertheless, they noted an explosive increase in Tesla's market value: the Californians rose by 605 percent in 2020, while VW managed only a meager 10.8 percent.

Regarding new registrations of pure electric cars in Germany, Volkswagen ranks clearly in the first place according to the analysis, followed by Renault and then by Tesla with half as many registrations. Smart is in fourth place, closely followed by Hyundai, each on par with Tesla. Trailing significantly are BMW and Mercedes, the Swabians even being narrowly overtaken by Skoda (Citigo iV). The relative changes highlight the dynamics of the VW Group more clearly: last year, 463 percent more VW electric vehicles were registered in Germany than in 2019. For Tesla, the increase in new registrations was only 56 percent, according to the analysis. Interestingly, Renault also shows a high dynamic with a 234 percent increase in BEVs.

"When comparing all types of propulsion systems, it becomes clear that Tesla is far from reaching the size of Volkswagen," the portal comments.

The DAX company brought 5.32 million Volkswagen-branded cars onto the roads worldwide last year, while Tesla managed only around 500,000. Nevertheless, Tesla is now worth 600.47 billion euros on the stock market, whereas Volkswagen only comes to 83.9 billion euros. However, the stock market does not trade in the present but in the future, where VW currently shows greater dynamics. Currently, Tesla is still the number one in global sales of pure electric vehicles. But by the year 2025, Volkswagen could sell as many electric cars as the Californians, according to the forecasts of the consulting firm "McKinsey". Market researchers also expect that the global market share of German car manufacturers in the E-market will increase from the current 18 to 29 percent by 2024. BMW, Daimler, and Co. would also finally "step on the gas" in electromobility.