Volkswagen Group’s race with Tesla to become the world’s leading electric vehicle (EV) producer by 2025 will be ‘tight’, chief executive Herbert Deiss has conceded.

Deiss expressed surprise at the pace of growth achieved by Elon Musk’s automotive brand in recent months as he addressed the Financial Times’ Future of the Car Summit this morning (May 9).

Tesla registered 9,612 Model 3’s in December last year to end 2021 with a total of 34,783 new car registrations.

That figure was 183.5% more registrations than the AM Awards 2020's Car of the Year, the Kia e-Niro, which ended the year as the second most-selling EV.

And the growth has continued for Tesla. In March, registrations data from the Society of Motor Manufacturers and Traders (SMMT) showed that the Model Y and Model 3 had been the UK’s best-selling cars.

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