Tesla is officially smaller than China’s BYD in EV sales as it reports second-straight year of falling sales

Tesla has officially ceded its long‑held crown as the world’s top electric‑vehicle maker, with China’s BYD now firmly in the lead after a year of surging sales in Asia and stalling demand for Elon Musk’s cars. The changing of the guard comes as Tesla reports its second straight annual drop in deliveries, underscoring how quickly the balance of power in the global EV race has tilted toward China. It also comes after the end of federal subsidies for EV purchases in the U.S. from Musk’s on-again, off-again ally President Donald Trump, a move that Ford CEO Jim Farley predicted in September would cut the EV market in half. ​

China’s BYD said this week it sold about 2.26 million fully electric vehicles in 2025, an increase of nearly 28% from the prior year and enough to make it the world’s largest EV seller. The Shenzhen‑based company’s battery‑electric tally does not include its vast plug‑in hybrid lineup, which brings total “new energy vehicle” sales to roughly 4.6 million last year. Read Entire Article