2021 was perhaps the year in which the proof of the point of no return of the takeover of electric vehicles (EVs) in the car market was evidenced, with more than 6,700,000 units sold.
Tesla, (100% electric), remains the absolute leader, however there are new brands that are gaining share quickly. VW Group has done a good job; however, we know that it will have to double the number of sales in 2022 to be able to keep up with Tesla, which will have two new factories to produce...
And in the meantime, BYD appears on the list, a Chinese company that will gain a lot of market share in the world with a range of models already on the market. GM seems to be on the rise; however, it is only because they account for sales of a vehicle that will never be sold in the rest of the world as it is less safe than a metal trash can, the Wulling Mini VE. GM has a 30% share in that company.
If we look at the TOP 10 global sales of EV models, then 60% of the list are Chinese brands. Those who follow the evaluations of electric vehicles internationally already know that, for example, the Xpeng G3 and the P7, have the same or higher qualities (price-quality) to BMW and perhaps Tesla. And they have an EV expansion strategy only, instead of burying their heads in the history of internal combustion engines. BMW continues to bet on internal combustion engines and hybrids, while we know that both of these versions will disappear in less than 10 years.
If you look at the cost of producing an EV, compared to the cost of producing an internal combustion car then the analysis of the same shows that in 2023, next year, the cost parity will occur. And by 2025 the cost of producing an EV will be much lower than the one of an internal combustion engine. Imagine that you are responsible for a portfolio of automotive investments. What brands were you betting on?