BYD Rises in Europe as Tesla Falls, More Than Tripling Sales - CleanTechnica

The article highlights a significant shift in the European electric vehicle (EV) market, where BYD, a Chinese automaker, has dramatically increased its sales, more than tripling from 6,568 units to 21,133 units in November year-over-year. This growth contrasts sharply with Tesla’s decline in the same period, as Tesla’s sales dropped from 18,430 to 12,130 units, causing its market share to shrink from 2.1% to 1.4%. Notably, BYD achieved this growth despite the European Union imposing supplemental tariffs on battery electric vehicles (BEVs) from China, raising the total tariff on BYD vehicles to 27%. BYD anticipated these tariffs and adjusted prices beforehand, enabling it to maintain competitive pricing and continue expanding its market presence. The company is also focusing on plug-in hybrid electric vehicles (PHEVs), which face lower tariffs, and is launching new PHEV models tailored to Europe’s tariff environment, with production