BYD overtakes Tesla in EU electric car registrations
BYD just pulled ahead of Tesla in new electric car registrations across the European Union and nearby countries.
In July 2024, BYD's numbers shot up by more than 200% to 13,503 cars—giving it a 1.2% market share—while overall EU electric vehicle sales climbed 39%.
It's a big moment that shows how fast the EV scene is changing.
BYD's rise and Tesla's fall
BYD's rapid rise comes down to lower prices (20-30% less than Tesla in places like Germany and the UK), a focus on plug-in hybrids that are not yet subject to EU tariffs, and a new factory in Hungary aiming for 300,000 EVs per year by 2030.
Meanwhile, Tesla's sales dropped over 40%, squeezed by more competition and global tensions.
With BYD offering affordable options, Europe's EV market is getting more diverse—and that means more choices for everyone as the region pushes for cleaner transport.