Germany-based Volkswagen Group has risen from the ashes of its 2015 emissions scandal to grow to be the EV market chief in Europe, the place the corporate reported that it had 26% market share within the first half of 2021. Whereas Tesla’s Mannequin 3 has been promoting nicely within the area, Volkswagen’s native manufacturing, model familiarity and cheaper value factors have helped give it an edge over Tesla.

However as Elon Musk goals to start out manufacturing on the Berlin Gigafactory by yr’s finish, Volkswagen’s lead may very well be short-lived. 

Within the quickly rising EV market, analysts say the Volkswagen Group advantages from its big selection of manufacturers, which incorporates luxurious marques like Audi, Bentley and Porsche. VW’s hottest EV in Europe is the extra reasonably priced ID.3, a hatchback that begins at round $40,000. And in September 2020, Volkswagen launched the ID.4, an SUV aimed on the world market that has since grow to be Volkswagen’s top-selling EV total. 

Nonetheless, Volkswagen nonetheless lags behind Tesla globally. Tesla delivered greater than 627,000 EVs within the first three quarters of 2021, whereas Volkswagen bought about 293,000 automobiles. However Volkswagen, together with different conventional automakers and EV startups, plans to launch an abundance of recent all-electric fashions within the subsequent decade.

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