According to news on January 9, Bloomberg Intelligence predicts that Tesla and BYD will dominate the pure electric vehicle market until 2030. Analysts also expect Tesla's annual sales to continue to exceed BYD's. Data from Bloomberg Intelligence shows that in the next few years, the leaders of the electric vehicle industry will still be Tesla and BYD, with both companies selling far more than Volkswagen.
Although Tesla sold fewer pure electric vehicles than BYD in the fourth quarter, Bloomberg Intelligence expects Tesla to maintain its annual sales lead into the 2020s. Analysts led by Michael Dean said that although gas-powered models will continue to dominate profits across the auto industry, Volkswagen is "no longer a contender for the top spot in electric vehicle sales."
Dean wrote in a report released on Monday: "Intensified competition in the pure electric vehicle industry may trigger fierce price competition and squeeze margins. The pure electric vehicle market is likely to remain fragmented, and Tesla may be the only truly global market player until traditional automakers launch scalable new-generation platforms in 2026 to 2027." "The current growth expectations for pure electric vehicles may weaken as consumer interest sharply declines due to a lack of fast public charging piles and high prices, with the exception of the Chinese market."
Dean predicted in June 2022 that Volkswagen would surpass Tesla in 2024. Over the past year and a half, however, Bloomberg Intelligence has become increasingly skeptical of Volkswagen's position in electric vehicles. (Chenchen)