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Tesla continues to dominate EV sales worldwide and domestically to the point that sales figures are broken down into "Tesla" and then "everybody else." That is
by throwaway5752 2y ago
Tesla continues to dominate EV sales worldwide and domestically to the point that sales figures are broken down into "Tesla" and then "everybody else."
That is false. BYD and Tesla both sold 1.7M last year if you are talking only EVs (BEV in BYD breakouts) which doesn't count BYD's 2.5M plugin hybrids. Teslas growth rate was flat and BYD's was a bit less than 50%.
Let me know if I've made any mistakes there, though.
- somenameforme 2y agoWow yeah BYD went to the Moon in the final quarters, which I hadn't checked! Somehow I suspect this article wasn't talking about China though, which is clearly where Tesla really needs to step it up!
- rpy 2y agoHeaps of BYD EVs on the road here in Australia, and Tesla sales are plummeting here now too.
- rsynnott 2y agoTesla's also a relatively small part of the market in the EU (varies, but generally on the order of 15-20% of the BEV market). The US is really the only large market where they're very dominant, and (and this should be concerning for them), it is the least _mature_ of the three big markets; many EVs were not launched in the US at all, and most of those which were were designed more for European or Asian tastes than for American (the Nissan Leaf, say, was available in the US, but is not the sort of car which sells well in the US). As that changes, and more EVs with good product market fit show up in the US, you'd expect the US market to evolve more towards the European one (that is, a bunch of manufacturers with 5-25% market shares). That's what normal mature markets for virtually everything, and certainly for cars, look like.