Close race decided in last quarters
BYD sells almost 2x when all plug-ins are counted
The race for best-selling EV automaker is heating up. China’s BYD’s impressive gains have just been edged out by Tesla, which showed an impressive increase of its own for 2023.
BYD revealed its sales figures for the year, and the company claims it sold 1.6 million battery EVs including 190,754 just last month. That’s nearly double what the company managed last year, when it sold 911,140 EVs and it’s an astonishing jump from the 320,810 of 2021.
In November, BYD announced that it had produced six million new energy vehicles. It’s another milestone, though the figure includes plug-in hybrid models. Add those to the total and BYD sold 3.02 million vehicles with a plug in 2023.
Tesla‘s just-announced full-year delivery figure is 1,808,581. That too is an impressive figure, up from 1.3 million in 2022.
BYD’s best-sellers include the Song, Seagull, Dolphin, Yuan Plus, and Han. Tesla’s best-selling models are the Model 3 and Model Y, collectively making up 1.7m of its 2023 sales. The company does not break out the two in its sales results.
The brands make up around one-third of all global electric vehicle sales. The two have taken very different roads to reach that dominance. Tesla has led with high-tech, long-range, and the huge presence of its founder, while BYD has aimed at affordability.