Who is the EV king?
BYD overtakes Tesla The Chinese-based automaker BYD surpassed Tesla last year as the world’s best-selling EV maker. The company is almost fully vertically integrated, building its own batteries, semiconductors, and most components. This structure gives it a very real competitive advantage. While China is the world’s undisputed EV leader, producing 70 per cent of the global total, and has exported its technology to various parts of the world including Europe, Africa and other parts of Asia, the possibility of its cars coming to Canada has been remote — until recently.
Who is the king of electric cars?
China’s BYD has overtaken Elon Musk’s Tesla as the world’s biggest seller of electric vehicles (EVs), marking the first time it has outpaced its American rival in annual sales. The countries with the best EV uptake: why are some moving faster than others? Norway leads global EV adoption with 80% of new car sales being electric in 2022, thanks to comprehensive incentives established since the 1990s including no purchase tax, VAT exemptions, and half-price tolls and parking.