Chinese automotive giant BYD dominates, with over 2.6 million sales in the first nine months of 2024, outpacing Tesla. Electric vehicle adoption is accelerating globally, with a record 1.7 million sales in September 2024.
BYD Dominates EV Market, Leaving Tesla and BMW Behind
Analysis reveals an EV was sold every 2.83 seconds between January and September 2024. BMW secured third place, highlighting the competitive EV market. China leads in EV production, with 12 of the top 20 brands originating there.
The rise of EVs impacts the environment and the economy, with potential for lower long-term costs. International adoption will shape the future of electric mobility.
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