Kelsey Xia夏澳玲’s Post

The global automotive market is undergoing a significant transformation, with hybrid electric vehicles (HEVs) emerging as a compelling alternative to pure electric vehicles (EVs). This shift in consumer preference has propelled #BYD to overtake #Tesla in quarterly sales for the first time. BYD's success can be attributed to its diverse product portfolio, which includes a wide range of HEVs and EVs. This strategy has enabled the company to cater to a broader customer base, particularly those who are hesitant to fully embrace pure EVs due to range anxiety and charging infrastructure limitations. As the automotive industry continues to evolve, the competition between traditional automakers and EV pioneers is heating up. BYD's strong performance underscores the growing importance of HEVs in the global market, and it will be interesting to see how Tesla and other automakers respond to this changing landscape. #marketminis #EV #automotive #HEV

As of 2024, Tesla has delivered approximately 1.81 million battery electric vehicles (BEVs), while BYD's total sales, including both BEVs and plug-in hybrids, reach around 3.76 million new energy vehicles (NEVs). BYD holds a 36% share of the Chinese NEV market, compared to Tesla's 13.2% global BEV market share. BYD's competitive pricing and diverse offerings drive its growth, while Tesla focuses on premium models. Overall, BYD is gaining momentum and may surpass Tesla in total vehicle sales by the end of the year. #ElectricVehicle #EV #ElectricCars #BYD #Tesla #SustainableTransport #CleanEnergy #ElectricMobility #GreenTechnology #FutureOfTransport

🔲 THE TRANSITION CHANGES THE PLAYERS: DOMINANT EV PLAYERS IN THE MARKET (BEV & PHEV) ARE BYD AND TESLA. (in first-half, 2024) 👉 BYD resulted in a significant 21% of global electric vehicle sales. 👉 Tesla accounted for 11%, with 625,600 BEVs, fully electric models. 👉 With a big gap, followed by #3 BMW, with 212,300 EVs. 👉 Of the 1,191,478 electric vehicles sold by BYD, 580,974 were fully electric. The majority of BYD’s sales growth was in plug-in hybrid electric vehicles (PHEV). source: @visualcapitalist/globalnetwork #BXD #Tesla #BMW #EV #electricvehicles

Registrations of electric #vehicles (EVs) climbed 19% year on year in August. Broken down, battery-electric vehicle (BEV) deliveries were up 6% compared to August 2023, reaching roughly one million units. Meanwhile, plug-in hybrid (PHEV) sales jumped 51% to approximately half a million models. This illustrates the influence of the #Chinese market, where PHEVs and extended-range #electric vehicles (EREVs) are proving popular. Plug-in vehicles accounted for 22% of all new-car sales in August, with BEVs making up 14% alone. EVs made up 19% of the entire market in the first eight months of 2024, climbing 10 million units. All-electric models made up 12% alone, or 6.3 million units, up 10%. #tesla #byd #automotiveindustry #automotive #ev #phev #carmakers

The European electric vehicle (EV) market has finally seen growth for the first time since April! In September, 295,724 EVs were registered, marking a 6% year-on-year increase. This is significant, especially considering that overall new-car registrations dropped by 4% during the same period. Battery-electric vehicles (BEVs) were the main drivers of this growth, with deliveries rising by 14% to 212,640 units. However, plug-in hybrids (PHEVs) saw a decline of 9%, with 83,084 registrations. EVs captured a 26% market share in September, with BEVs alone making up 19% of total registrations. Only electrified powertrains saw an increase in volumes, with hybrids (HEVs) up by 12%, while petrol and diesel registrations declined by 19% and 24%, respectively. This shift led to HEVs overtaking petrol registrations for the first time, a trend likely to continue. In the first nine months of the year, 2.13 million plug-in vehicles were delivered, down 3% compared to the same period in 2023. Despite this, EVs recorded a 22% share from January to September, with BEVs making up 15% of the total new-car market. All-electric technology posted a 67% share of plug-in deliveries during this period, maintaining the same result as last year. Tesla continues to dominate the market, with the Model Y being the best-selling EV in Europe, posting 28,995 deliveries in September. The Model 3 also performed well, with 14,967 deliveries, tripling its result from 12 months ago. The Skoda Enyaq rounded out the top three with a record 10,085 registrations in September, marking its first five-digit monthly result. Click below to read the full article ⬇️ https://ow.ly/R9bA50U8iZL #ElectricVehicles #EVMarket #BatteryElectric #EVGrowth #Tesla #PlugInHybrid

⚡️ Who's Ruling the EV Market in 2024? 👑 1. BYD: With a 21% market share and 1.2 million EVs sold, they’re leading the pack! Of those, 580,974 are fully electric (BEV), with most of the growth coming from plug-in hybrids (PHEV)! 📈🚗 2. Tesla: Holding 11% of the market, Tesla sold 625,600 fully electric vehicles! Still the king of pure electric cars. 👑⚡️ 3. BMW: Coming in 3rd with 212,300 EVs sold, BMW is nailing the transition to electric within the premium car space! 🚗💼 4. Other major players include Wuling, Volkswagen, Li Auto, and Mercedes, all pushing hard in the top spots! 🏎️💥 🚗 My take: In the first half of 2024, BYD is making waves with their PHEVs while Tesla holds strong in the pure EV market. As more manufacturers join the electric revolution, the competition is heating up! The real question is: who will come out on top next? This race is far from over! 🔥 #EV #BYD #Tesla #BMW #ElectricCars #FutureOfMobility #AutoIndustry #EVMarket

BYD Poised to Challenge Tesla for Electric Car Sales Crown in 2024, Predicts TrendForce TrendForce predicts a fierce battle between BYD and Tesla for supremacy in electric car sales for the year 2024. According to TrendForce's latest report, global sales of NEVs (New Energy Vehicles), encompassing BEVs (Battery Electric Vehicles), PHEVs (Plug-in Hybrid Electric Vehicles), and FCVs (Fuel Cell Vehicles), are projected to hit 13.03 million units in 2023, representing a growth rate of…

⚡Tesla starts strong with top two spots in Europe’s #EV market - Despite several European markets dropping or amending their incentive programmes, battery-electric vehicles (BEVS) started 2024 strong. - Registrations of these all-electric cars were up 29% year on year. Plug-in hybrids (PHEVs) also continued to grow, ending the month up 23% compared to January 2023. - Combining registrations of the two powertrains means the EV market sat at 198,993 deliveries in the month. Capturing 61% of Europe’s new plug-in market, BEVs started the year well ahead of PHEVs with 39%. - Looking at the overall market, BEV registrations made up 11.9% of all new-car deliveries in Europe, while PHEVs accounted for 7.7%. Outside of the EV market, full hybrids (HEVs) and mild hybrids (MHEVs) took a combined market share of 29.3%, up from nearly 27% last year. - This meant that 49% of all new cars registered in Europe at the start of the year featured some form of electrification. - Meanwhile, petrol was down to a 35.8% share from nearly 39% in January 2023, while diesel fell from 16% to 11.9% compared to 12 months ago. Should this rate of declining demand continue, diesel deliveries could end around 2027. - In January’s EV top 20, four out of five of the best-sellers were crossovers, highlighting the popularity of the vehicle type. Leading this charge was the Tesla Model Y with 11,425 registrations. Read the full analysis from José Pontes, data director at EV-volumes.com here https://lnkd.in/euiqRpM9 #Tesla #electricvehicles #Europe #automotiveindustry #EVs

Next-gen PHEVs, Nissan EV pickup, Tesla at 6M, GM and CATL: Today’s Car News: Tesla hit six million cumulative EV sales, and we roundup all the achievements. GM is reportedly seeking a deal with CATL. Nissan and Mitsubishi team up for EVs, hybrids, and PHEVs, and next-generation pickups. And will next-generation batteries help plug-in hybrids make more sense at 70 miles? This and more, here at Green Car Reports. More... #car #cars #awesome

[NEWS] Scout Motors reignites buzz around extended-range EVs (EREVs): Aiming to tackle one of the biggest hurdles in EV adoption: charging anxiety. Let’s break it down — An EREV operates like a plug-in hybrid with a twist… It runs on an electric motor and a gas engine, but unlike a plug-in hybrid, the gas engine doesn’t drive propulsion. Instead, it recharges the battery, acting as a mini generator for longer trips. The main benefit? Efficiency. But EREVs aren’t new — the Chevy Volt paved the way back in 2010, and BMW tried a range-extender with the i3, though it didn’t resonate with buyers. Fast forward to today, and several automakers like Stellantis, Nissan, and Hyundai are pursuing the tech. Bottom line: EREVs could be a practical middle ground for consumers stuck in transition and not fully ready to embrace pure electric cars. Read today’s top automotive stories, presented by Overfuel: https://lnkd.in/e_RiqN-h (Data source: Science Direct / Wired)