Tesla and BYD Are Dominating the Global Electric Vehicle Market

Tesla and BYD Are Dominating the Global Electric Vehicle Market

By ZeroHedge – Jul 28, 2024, 10:00 AM CDT Tesla’s gross margin has been declining every quarter since Q1 2022, but it still maintains the largest BEV market share globally. BYD is hot on Tesla’s heels, increasing its market share by ten percentage points between 2021 and 2023. Despite the tariff increase on Chinese-made cars, China remains the largest exporter and market for both hybrids and BEVs. In the second quarter of 2024, Tesla’s gross margin dropped to a new low af...
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