Tesla and Byd will stay ahead of VW for years in global EV race

Chinese company Byd's car factory in Hungary.

The fight for electric-vehicle sales leadership will be a two-company race for at least the next few years, with Tesla Inc and Byd remaining well ahead of Volkswagen, according to Bloomberg Intelligence.

While Tesla fell behind Byd in fourth quarter sales of battery-electric vehicles, BI expects the US company to stay ahead on an annual basis through the end of the decade. VW is “no longer a contender” for the EV crown, analysts led by Michael Dean said, though they expect internal combustion engine models to keep dominating industrywide earnings.