BYD Dethrones Tesla as World's Top EV Manufacturer

TaiwanPlus News

A new leader has emerged in the global electric vehicle market. In 2025, China's BYD officially surpassed Tesla in total sales, driven by a 28% year-on-year growth and a major expansion into international markets. While BYD eyes 1.6 million foreign sales for 2026, Tesla is facing its second consecutive year of decline, with sales dropping over 8%. Analysts point to a combination of political backlash against CEO Elon Musk and the expiration of key US EV tax credits in November 2025 as major factors in the American automaker's declining sales.

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00:00U.S. electric vehicle maker Tesla has been dethroned as the world's top EV seller as China's BYD takes the crown.

00:10Sales of BYD vehicles grew 28 percent last year, including more than one million vehicles outside of China.

00:17The company says it aims to reach 1.6 million foreign sales in 2026.

00:22Tesla sales dropped for a second straight year in 2025, down more than 8 percent.

00:27It comes amid backlash against the brand and its politically active CEO Elon Musk.

00:33A U.S. tax credit for buying EVs expired in November, further reducing demand.

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