BYD & Tesla Combine for 30% of Cumulative BEV Sales Globally - CleanTechnica

The article from CleanTechnica highlights the dominant market share of BYD and Tesla in the global battery electric vehicle (BEV) market. As of the end of 2023, cumulative global BEV sales reached approximately 52.3 million units. Tesla accounted for about 8.7 million of these sales, representing 16.6% of the total, while BYD contributed nearly 7 million units, or 13.3%. Combined, these two manufacturers make up roughly 30% of all BEVs worldwide, meaning three out of every ten BEVs on the road are from either Tesla or BYD. Recent sales data for the first ten months of the year show a shift in market dynamics: BYD captured 16.8% of global BEV sales, surpassing Tesla’s 11.8% share during the same period. This indicates that BYD is gaining ground on Tesla in new sales, though their combined share remains close to 29%. The article poses