Is There an EV Company That Could Surpass Tesla's Popularity? The Answer Might Surprise You

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In the world of electric vehicles, one name probably comes to mind over any other: Tesla. They have been the leading producer of EVs for several years now.
While it's likely that Tesla will continue to enjoy a prominent standing in the world of EVs, other companies are gunning for them. Could there be an EV company that's poised to surpass Tesla's enormous popularity?
Close view of the interior of a VW vehicle looking in from the left side driver window.
VW released the ID.4 EV this year, and plans to release a large number of new electric vehicles by 2030.

Which company is a threat to frontrunner Tesla’s popularity?

Some believe it to be inevitable that another major auto manufacturer will eventually surpass Tesla’s popularity, becoming the go-to brand for EVs. Inside EVs bets that the Volkswagen Group, with its plethora of brands and proven track record in the electric market, will be the one to do it.
Herbert Diess, CEO of the VW Group, has actively publicized his intention to outproduce and outsell Tesla. According to Inside EVs, Diess has an aggressive goal to surpass Tesla's production by 2025.
If that isn’t ambitious enough, VW Group has a supplementary goal to release 70 new battery electric vehicles around the world by 2030. While both seem far-fetched, Inside EVs sourced an LMC Automotive analysis predicting that VW is well on their way to achieving the first goal.
With Tesla building new factories set to open before the end of this year, and experiencing high demand and record sales at ever-increasing prices, this projection could change. After all, with modern technology progress can take place with unprecedented speed. But right now, the stats are promising for VW.

What could the future of EVs look like?

It's difficult to imagine a world that isn't full of gas-guzzling vehicles. While the thought of a society where all vehicles are powered by alternative means seems like something out of a sci-fi movie, some experts feel that it won’t be long before EVs sweep the globe.
With crackdowns on vehicle emissions, countries around the world are looking for a solution, and EVs seem to be the answer.
According to J.P. Morgan, roughly 30% of all vehicles sold globally are projected to be electric or hybrid electric by 2025, and 7.7% of this figure will be plug-in electric vehicles (PEVs). This is an incredible jump from 2016 when only 1% of sales were from PEVs. Clearly, the potential for even more pronounced progress beyond 2025 is immense.
Some automakers, like Hyundai and Mercedes-Benz, have even promised all-electric lineups in the next five years, and others like GM estimate they can achieve this by 2035, according to Consumer Reports.
Tim Washington, founder and chief executive of Melbourne-based EV charging company JET Charge, revealed his thoughts on the next steps beyond replacing diesel and gas-powered cars.
According to PV Magazine, he believes we will see EVs support the power grid with their batteries within the coming five to six years, and eventually “become the grid,” or at least provide a “legitimate alternative” in the next 10 to 15 years. This is a thought-provoking, if not slightly unsettling concept, but one that should be considered given the climate change crisis we are currently facing.

Steps being taken to prepare for an electric future

In order for the transition to EVs to continue to blossom, automakers and authorities still have to overcome some significant obstacles.
The Environmental and Energy Study Institute discussed a number of roadblocks that center around charging infrastructure and the inherent issue of “range anxiety,” among others.
The idea of being stuck on a road after running out of charge is certainly not an appealing one. Plus, road trip planning may be more complicated, as drivers should locate charging stations ahead of time and factor in regular stops to their journey time.
The good news is that governments all over the world are actively working to create infrastructure to support EVs. There are different levels of chargers that work at various speeds, with Level Three direct current chargers taking just 30 minutes to charge a battery up to 80%. Tesla’s Superchargers and Level 2 Destination Chargers are highly effective and their Supercharger network is growing exponentially.
As infrastructure improves and automakers release vehicles with longer ranges, widespread electric vehicle adoption should become a feasible vision.
Whether you drive an EV or another type of vehicle, you deserve affordable car insurance. Luckily, Jerry can help. The AI-powered app gathers quotes from up to 50 top providers, so you can be confident you’re getting the best rate for your unique coverage needs.

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