Following the release of its Q3 delivery results, Volkswagen Group intends to increase its position in the BEV market, with deliveries increasing 109 % over the same period last year. Volkswagen has more than doubled its global deliveries nine months into 2021, closing in on Tesla, the clear EV market leader.
Tesla is also growing, and could (maybe) reach one million deliveries in 2021, but at the rate Volkswagen is growing (up 138 % this year), it could be trying to catch up in 2022.
At this moment, both Volkswagen and Tesla are well-known. One has clearly prepared the path for mass consumer adoption of electric vehicles, while the other has accepted this turning point in transportation and has altered a large portion of its global strategy to follow suit.
Tesla presently has four electric cars on the market, with two more on the pipeline... at some point. This excludes the all-electric Semi and the long-rumored $25,000 electric car promised during Battery Day last year.
Tesla's market share has increased alongside its stock and production output in the nearly decade since the company released the Model S, with no indications of slowing down. Indeed, if Tesla has another strong fourth quarter (as it usually does), the American automaker may reach one million deliveries this year. However, a lot of events will affect this.
But have more than seventy years of expertise than Tesla, the Volkswagen Group is still playing catch-up in the electric car area. After the infamous "Voltswagen" publicity disaster, it has also been working on its delivery of jokes.
EVs from other big names under the VW umbrella, such as Audi, Porsche, and KODA, have joined the ID family of EVs, which has seen strong sales in multiple worldwide markets over the last year or two.
While Tesla remains the leader in the expanding electric car sector, Volkswagen's early data show an even faster rate of deliveries, falling less than a year behind Tesla's.
And, if you include plug-in hybrid electric vehicles (PHEVs) in VW's calculation, you're looking at over one million worldwide, according to a company benchmark Volkswagen released in a news statement.
Tesla still has the advantage of deliveries, but Volkswagen is coming up.
Following recent quarterly reports from both Volkswagen and Tesla, it's clear that the latter is on track for yet another record year, once again driving the industry in EV delivery to customers.
However, a comparison of the figures shows that, even in the early phases of EV production (in comparison), Volkswagen Group's EV deliveries are growing at a higher rate year over year, up 138 % so far in 2021.
Let's start with this quarter and work our way up from there. Volkswagen delivered 122,100 BEVs to consumers from July to September, up 108.5 % from Q3 2020. (58,600). Tesla, on the other hand, delivered 241,300 BEVs in the third quarter, up 73% over the previous quarter (139,300).
Let's take a look at where each carmaker might be on New Year's Eve in 2021 thus far. Volkswagen Group is on target to produce 390,800 BEVs in 2021 at its present pace, based on the previous three quarters. Tesla is on target to produce around 836,500 BEVs.
Both figures are moderate, as both cars are expected to have much better fourth-quarter results. Tesla could be looking at seven-figure deliveries if they can get some more vehicles out of GigaBerlin or GigaTexas.
These data provide a look into the future.
By 2021, Tesla will have more than doubled the Volkswagen Group's delivery output. When comparing VW's stats this year to Tesla's last year, it's clear how swiftly the German automaker is expanding its BEV fleet.
When comparing VW Group's rate of delivery increase from Q3 2020 to Q3 2021 to Tesla's, it's clear that VW is less than a year behind. Looking ahead (VW in 2022 vs. Tesla in 2021), Volkswagen could outperform Tesla's present performance and close the gap even more.
In 2022, Volkswagen may supply upwards of 950,000 BEVs if current delivery rates are maintained.
If Tesla maintains its current pace, it will easily surpass these figures in 2022. Simultaneously, VW has the potential to continue to gain ground on the industry leader, and could soon be neck and neck.
Other factors, like as global supply chain limitations, might certainly stymie these forecasts, but only time will tell who gets the top output slot. In any case, the push for EV adoption succeeds.
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