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BYD Closing the Gap on Tesla in Global EV Market Share

BYD Closing the Gap on Tesla in Global EV Market Share

Tesla retained the biggest market share among all battery electric vehicles (BEVs) sold worldwide in 2024, but only slightly. In 2023, Tesla’s share stood at 19 percent before dropping to 18 percent in first nine months of 2024, according to analyses by EV Volumes published on CleanTechnica. The competition is now hot on Tesla’s heels. As Statista’s Florian Zandt shows in the chart below, the Chinese conglomerate BYD, which produces standalone electric vehicle batteries and associated electronics in addition to plug-in hybrid and fully electric…

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