The electric vehicle (EV) market has experienced rapid growth over the past decade, transitioning from a niche sector to a significant player in the global automotive industry. Tesla has long been considered the dominant force in the industry. However, recent trends indicate that Tesla's market supremacy might be under threat.
WilfredIn 2023, Build Your Dream (BYD) overtook Tesla as the top-selling electric car seller. In 2023, BYD claimed to have produced 3.02m new energy vehicles, beating the 1.84m cars that Tesla reported in the same year. However, the sales figures that BYD has suggested include battery-only and hybrid cars, which means that Tesla still retains its crown as the top producer of electric battery-only vehicles.
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