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BYD Overtakes Tesla as Most Popular EV Maker
- peter-m80 3y agoWhy are BYD shares not skyrocketing?
- palemoonale 3y agoNo wonder, Tesla is a legacy automaker with no secret sauce nor moat.
- alephnerd 3y agoBYD has a much lower price point, which helps drive ownership. Tesla has kept the price in the luxury car range in order to maintain it's brand. Outside the SV/HN bubble, the Tesla is viewed as a luxury car Addendum: Luxury doesn't imply expensive. It's a branding strategy. A Gucci bag or iPhone can be purchased with relatively minimal capital outlay, but will continue to hold a social cachet by being marketed as "exclusive" [0] Just read the case study below to understand the strategy used. Turns out MBAs ain't as useless as HNers like to think [0] - https://hbsp.harvard.edu/product/SMU954-PDF-ENG?Ntt=Gucci%3A%20Staying%20Relevant%20 https://hbsp.harvard.edu/product/SMU954-PDF-ENG?Ntt=Gucci%3A...
- fernandotakai 3y agoit's interesting, because at least here in the netherlands, there are a LOT of teslas -- as if they were priced as a non luxury car. two examples, i use this[0] picture as my wallpaper and you can see one of them in there! also, i have a charging point in front of my flat, and two teslas charge there every day. [0]https://i.imgur.com/cWbH8S7.jpg https://i.imgur.com/cWbH8S7.jpg
- alephnerd 3y agoI mean luxury in the same way that "Apple" and "Coach" are luxury brands. Luxury is a brand concept, not a formal term for expensive.
- jvdvegt 3y agoThey were mostly populair because they were cheapest to lease business-wise (there were no good alternatives 4 years back). Tax break is over now, and I hear lots of complaining from people who are now required to lease an EV due to company policies changing in the mean time. Most will have to pay a lot more.
- adamors 3y agoNot sure what you mean by luxury, the Model 3 costs as much as any other new car in Europe at least.
- ethanbond 3y agoJust wait til all those people who view them as luxury actually get a chance to sit in one. Really great testament to the power of brand, and also makes clear how vulnerable Tesla is to brand risk.
- filoleg 3y agoModel 3/Model Y has been the most sold new car in California and a few other areas, selling more than the usual toyotas and hondas. I feel like it is more of a west/east coast divide. In Seattle/Portland/etc., you will see multiple Teslas at any street intersection, they are literally everywhere. NYC or ATL? Yeah, it definitely is not that common even in the slightest.
- piquadrat 3y ago> Model 3/Model Y has been the most sold new car in California and a few other areas, selling more than the usual toyotas and hondas. Model Y is going to be the most sold car model of 2023, not just in California, but in the whole world. https://cleantechnica.com/2023/12/28/tesla-model-y-going-to-be-top-selling-vehicle-in-the-world-in-2023/ https://cleantechnica.com/2023/12/28/tesla-model-y-going-to-...
- giantrobot 3y ago> Model 3/Model Y has been the most sold new car in California and a few other areas, selling more than the usual toyotas and hondas. California has a $7500 rebate for PHEVs. That's on top of the federal rebate IIRC. California also offers the clean air vehicle passes to use HOV lanes. So there's some additional help in California to push EVs and Tesla only makes EVs. When the Prius was the big fad car you saw them all over the place in California as well.
- hindsightbias 3y agoRegardless how much Tesla decimates bmw and merc sales, don’t say “luxury” on HN. But call a macbook luxury is fine.
- donny2018 3y agoTesla's Model Y is the top bestselling car model in 2023. It's the first year in history when an electric model outsold any of its ICE competitors.
- Zigurd 3y agoThat's a bit unfair. Tesla has some bets on the table that might be bad bets, but not because they have to manage an EV transition while still making gas cars. If they are still trying to make cybertrucks at a profit at the end of 2024, they will be paying a pretty steep opportunity cost. But they're not "legacy."
- Nyr 3y agohttps://archive.ph/Okks7 https://archive.ph/Okks7
- fgsfds028374 3y ago[dead]
- alephnerd 3y agoI really wish there were affordable (sub $35k BEFORE rebate) EVs in the US. The lack of affordable daily driver EVs is what's slowing down adoption here in the US. Hell, even in Vietnam and India there are fleets of low cost EVs now. Addendum: an EV costs as much as a the median salary in the US in 2023 [0] ($50,000 is the Median wage, and the average transaction price for an EV is $53,000 [1]) [0] - https://www.bls.gov/cps/cpsaat39.htm https://www.bls.gov/cps/cpsaat39.htm [1] - https://www.kbb.com/car-advice/how-much-electric-car-cost/ https://www.kbb.com/car-advice/how-much-electric-car-cost/
- oldpersonintx 3y ago[dead]
- adamors 3y agoI wish the same for Europe, cheapest EV is the Dacia Spring but it’s like a matchbox.
- martin_a 3y agoTrue! On the other hand, my parents have a used Sandero and it's fine. It's not "much car", but it's a car and it will get you from A to B, but not much more. If you really think about it, it's mindblowing just how much of empty space we carry around with cars.
- cassepipe 3y agoI don't think about it. The more energy is wasted unnecessarily, the more my social status rises.
- mattlondon 3y agoPrices are inching down slowly. The Citroen e-c3 is due in 2024 and the price for that is apparently targeted as £21k. MG4 is out now for £26k. 199 and 217 WLTP miles range respectively (and the MG4 is more of a VW Golf/Nissan Leaf sized and equipped car, and receiving very positive reviews from press) That is pretty amazing really considering not long ago 200 miles range was only available in Teslas and which were priced as luxury cars, compared to early nissan leafs and e-golfs that would only get you 70-80 miles tops (...and let's not even start on the g-Wiz!) Give it a couple more years and I fully expect 150-200 mile cars for the mid-low teens (GBP), which is roughly equivalent to normal ICE prices now (e.g. non-EV version of Citroen C3 is £14k)
- seydor 3y agoFor one, it would be a shitty thing if Germany forced the EU to slap tarrifs on imported chinese cars. This makes no sense, we did not have tarrifs for chinese or american phones, and it was inevitable that the chinese would make battery cars much easier and faster than everyone. and that is a good thing, because , like in the case of PVs , electrification solves a number of problems for many european countries. Putting german jobs over this would be an awful thing to do
- noqc 3y agoChina represents problems more severe than the labor cost of the electrification of the non-commercial fleet.
- seydor 3y agoimaginary problems. the world's job is to create a win-win situation for both, not to shut down global trade
- tashoecraft 3y agoThe world is shifting to protectionism as it discovered that globalism improved the lives of people outside its borders greater than inside.
- adrianN 3y agoThat worked great for natural gas from Russia…
- nradov 3y agoThe world's job is to contain an increasingly aggressive, expansionist China. If global trade is impacted then that is an acceptable consequence. Sometimes win-win isn't achievable and win-draw or win-lose is the best you can realistically hope for.
- surgical_fire 3y ago
- belltaco 3y agoHeadline doesn't match the second paragraph. They changed the headline from a few days ago to maximize clickbait.
- deadlyllama 3y agoWhen I looked at buying an EV last year, BYD was a serious option. In the end I decided on a second hand Nissan Leaf. In New Zealand, we're right hand drive and have no local auto makers. We import lots of second hand cars from Japan as a result. Like most New Zealanders, I've never owned a new car. Cheap Chinese EVs are somewhat cost competitive with second hand Japanese EVs which is crazy. Still not going to buy one. I'm happy that geopolitical tensions aren't going to stop spare parts being available.
- mattlondon 3y agoI have similar sentiment in the UK but the leaf has the wrong fast-charge port! Everything is CCS apart from the nissan leaf and a few other older things. Give it another year or two and finding a chademo fast charger is going to be fairly challenging compared to CCS (where 100+ KW ones are becoming more and more prevalent now)
- throwpong 3y ago[dead]
- asylteltine 3y agoPer capita or total? Of course the total may be bigger because there are almost 3 billion Chinese people. Personally, I would never buy anything from a Chinese company. Who knows what kind of shortcuts and spyware they have
- jitl 3y agoI’m looking at Polestar (like Volvo it’s owned by Geely, a Chinese company) and Tesla. I love how Tesla drives, but the focus on the touch screen and lack of things like grab handles or CarPlay really turns me off. I’m hoping another make drives close to the Tesla but has more “normal car” kind of trim. I’d love to test drive a BYD just for fun. I was in mainland China a week ago and rode in a few different domestic electric cars when taking DiDi (Uber), from BYD and others. All pretty great experiences, good build quality. A surprising percent of the cars on the street in Kunming were electric - maybe 25%. A friend of a friend has one and loves it. Hopefully they start selling in the US soon.
- Zigurd 3y agoChina pretty much has to go fast on the EV transition or choke on fumes. Even in the 90s many big cities banned gas scooters and motorbikes. The domestic market will tolerate more inconvenience and quirks, but they will get competitive fast.