Research: Tesla Could Be Overtaken by Volkswagen as Top EV Maker by 2024

Research: Tesla Could Be Overtaken by Volkswagen as Top EV Maker by 2024
A worker assembles Volkswagen ID.5 electric cars at the company's Zwickau plant in Zwickau, Germany, on Jan. 27, 2022. Jens Schlueter/Getty Images
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Germany’s Volkswagen Group could grab the top electric vehicle (EV) maker crown from Tesla Inc., according to a research report by Bloomberg Intelligence.

Volkswagen’s battery electric vehicle share already tops that of Tesla in Europe and the legacy automaker needs to replicate that success in other regions, particularly China where it is currently struggling to grow the electric vehicle share.