BYD overtakes Tesla in the electric vehicle market

News

BYD overtakes Tesla in the electric vehicle market

07.01.2026 News

Automaker Tesla has lost its title as the world’s leading seller of electric vehicles, уступing it to China’s BYD, Bloomberg reports.

In 2025, Tesla’s vehicle deliveries fell by 8.6%, while fourth-quarter sales dropped by 16% to 418,227 units.

By contrast, BYD delivered 4.6 million vehicles last year, up 7.7% from 2024. Nearly 2.26 million of those were fully electric vehicles, with the rest being hybrids. Overseas sales exceeded analysts’ expectations, reaching 1.05 million units, helping to offset weaker demand in the domestic market.

For 2026, BYD has set a target to expand international sales to 1.5–1.6 million units and, according to analysts, could reach total vehicle sales of 5.3 million.

Meanwhile, investors remain focused on Tesla’s projects in artificial intelligence and autonomous driving, while the company’s core business continues to face pressure from declining vehicle sales.

In the United States, Tesla’s largest market, federal incentives for purchasing electric vehicles have been scrapped, and fuel economy and emissions standards have been relaxed—policies that had previously generated billions of dollars in revenue for the company.

Tesla continues to test self-driving vehicles in Austin and San Francisco and is preparing to launch sales of the compact Cybercab vehicle.

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