Forget Nio NIO, +17.44%, XPeng XPEV, +11.33%, and other flashy electric-vehicle stocks, because, , according to UBS, within the next four years it will be Volkswagen VWAGY, +1.75% VOW, -0.90% competing with Tesla TSLA, +19.64% for the global-EV-sales crown.
The global automobile giant Volkswagen Group owns brands including Audi, Porsche, Bentley, Bugatti and Lamborghini. In the past year, the company has raced past Tesla to become the most dominant electric-vehicle group in Europe — the world’s largest EV market behind China. Volkswagen now controls between 20% and 25% of the market in this key region.
Wolfsburg, Germany–based VW also provides a model for legacy automobile makers looking to get into electric vehicles, with UBS calling Volkswagen the “best EV transition story” in the global car-manufacturing space. UBS predicts that, by 2025, there will be manufacturing-cost parity between electric and nonelectric vehicles, compared with a $5,000 cost difference in 2020 among more expensive EVs. The average operating margin for EVs should grow to 7% by that time from 1% in 2020 — which would mean margin parity between EVs and conventional cars within four years.
Why do they have nio shares then?
Tesla will not be making cars in 10 years .
Tesla makes junk and Volkswagen cheats on emissions.
Tesla=Amen Volkswagen=Awoman
Lucid** vs Tesla