What's happening to electric vehicle sales? | DW Business
HTML-код
- Опубликовано: 4 апр 2024
- Tesla reclaimed the top spot in electric vehicle sales - breezing past BYD at the start of 2024. All the while, there's actually little for either carmaker to celebrate: EV sales in general are declining. Industry expert Gregor Sebastian shares his insights on what's shaking up the EV market.
Subscribe: ruclips.net/user/deutsche...
For more news go to: www.dw.com/en/
Follow DW on social media:
►Facebook: / deutschewellenews
►Twitter: / dwnews
►Instagram: / dwnews
►Twitch: / dwnews_hangout
Für Videos in deutscher Sprache besuchen Sie: / dwdeutsch
#tesla #byd #business
If we talk numbers and statistics, it would be better to show tables and graphs while talking instead of focusing on someone’s face.
can't agree more.
But they already show..
I will buying EV car when charging time is 30 second likes gasoline car
@@Hazeman.
Pluging the charger in in the evening and pluging it out in the morning takes around these 30 seconds, so go on. Can't wait to see for which one you decide!
@eric8372 not everybody have their own home / park spot to charge overnight .
You are deliberately ,misrepresenting the data when you say EV sales are dropping. Your own graphs show EV Sales by BYD and Tesla are increasing each quarter. The rate of increase is dropping not the actual sales for these two companies - the sales are continuing to increase for BYD and Tesla. EV sales for legacy auto makers are dropping - why not discuss why one part of the market is receding while the two EV leaders continue to increase their sales. That would be a more honest story.
Honest reporting from DW. Funny guy 😂
tesla sold a lot less than they exspected, they produced more cars than they sold. They are sitting on around 100k unsold cars atm same with BYD
This is typical Western media. Its designed to deceive the audience.
Apparently you did not make it to the second minute in this report.
Fun tip: check out Volkswagen's stock performance over last year, compared to Tesla and BYD 😊😊😊
@nonnoyobisnis8705 you guys have just help ExxonMobil hits its new world record on its net profit and you love to see your country" neighbour sinks due to the climate change.
The biggest problem for Tesla is Elon Musk and his comments on politics and war. A lot of people will not touch Tesla for that reason.
That s what I said .
For anybody that has ever driven a tesla , there is no reason to not buy one .
But elin musk being the name in front of it is having a negative impact
Tesla has NOT put prices down overseas from USA
in my country they are all still the massive rip off from $68K for base model 3
what a scam
the price has NOT come down with all the YANK price cuts
even tho every other country has Chinese EVs like BYD and MG selling EVs for HALF the price
Tesla must cut prices down 50% if they want to be competitive
*And people like me just bought a Tesla since we Love what Elon says on politics and war!*
What’s worse, a big mouth who leads a company with the best and safest car in the world or a well-behaved CEO who enables Dieselgate?
I want tesla to do well as an American company but won't buy tesla because of Elon behavior & political views. Guy act like he's Jesus.
I rarely buy new, I want a car that can be fixed by a normal garage when it is out of warranty.
Good luck with that. In a world where you have to pay a monthly fee for heated seats that are already installed, do you really think car manufacturers won't be using patents, encryption, and the DMCA to go after after-market service providers? It's got nothing to go with gas vs electric, it has to do with unbridled corporate greed.
@@dbc13543There's a lot of simple cars still available. And most of the maintenance as a car ages is pretty routine.
By the time warranty is over, most garages probably will already learn how to fixed an EV
Not only that, there are some simply fixes that the average person can do at home, with every other type of car other than Tesla!
@@Illisil I do all my own repairs and maintenance except tires and alignments. Everything you need to know is in the service manual.
You forgot to show the graph where EV sales are declining. And please don't compare Q1 2024 to Q4 2023, this is not America, we do YoY here because we understand how seasons work.
Most people in my country cannot charge at home, as they don't have their own parking space. So, it is doubtful if they can charge publicly if needed, and certainly it is more expensive. So, that is the main reason, I think. The people who can charge at home and want an EV, now already have it.
That's a valid point. I would really like to see some stats on how many people have their own parking and how many of each group has EVs. It would help shed light on the next roadblock for EV adoption. If you're correct, the next step may be on street public charging.
In my city, we have some public chargers set up on light poles. They only operate at night while the lights are on. The software is a bit buggy, so it's not super convenient, but beggars can't be choosers. There's not a lot of them, but I mostly see them free, so maybe it's enough.
That's why BYD sells PHEVs, which are not included in DW's video above.
YEP! Not only that, in Virginia they are assessing an extra tax on the value of EV and hybrid vehicles. These vehicles buy little or no gas, so the state makes less revenue from gas tax, if it makes any at all. The state has to pay for roads and infrastructure, hence the tax increase on the vehicles. The tax is so high that it nullifies any income tax benefit of buying the vehicle!
Yeah also it's just one year they need a longer term data point
I'm from a developing country and not one Tesla is here I think people forget that the richest countries are not the world too. Byd is reaching markets that tesla is not tapping into.
EV sales (except for Tesla) are not declining. The rate of increase in EV adoption is slowing, but still growing 30% YoY. Big difference...
Can you please share those stats like sources and links?
@@kristijangrgic9841 People assume these news reports are basically stating the EV market is dying, it's a misunderstanding. EV sales are having a healthy growth year by year, it's just that this first quarter the growth is slower than was expected, key word GROWTH, it's still growing at a healthy pace.
You can consult market websites. The CAGR (compound annual growth rate; an average percentage that gives us a perspective of how fast a product is being adopted) was 44% and 36% for Europe US (wealthiest markets, 2018-2022). For perspective, products that grew at similar rates include initial stages of the smartphone and streaming services explosion. In the following decade growth is expected to continue but slow down (this depends on many factors, it's just a projection) to levels also experienced by streaming and smartphone sales, post initial boom. Make no mistake, EVs will not stop growing and are not going anywhere, there's no stopping it now.
Also don't forget the inflation related interest rates in Europe that take time to bite down at economies (probably right about now), it's likely very related to this slowed growth in Europe, for example, as spending is cooling to curb inflation.
EV sales are declining worldwide. Once the sate subsidies dried up, people stopped buying electric cars. Only people who really want an electric car still buy one. People who just want a car, don't care about electric cars.
people who can afford an expensive cars can buy a plugin hybrid, and use the electric mode for city driving.
source please
tesla is doing great dont worry
The German car makers are jumping with joy at this news, hence the glee of DW reporting 😂
China is dumping its excess ICE capacity.
While Tesla does make cars in Germany, many of the Teslas sold in Europe are made in China. German car makers will also produce a lot of their EVs in China. That's why they have a different view of European tariffs on EVs made in China.
But ICE car makers are dying in the biggest car market China. And this includes all the US and European and Japanese car makers with operations in China. In countries like Australia that have money but no domestic car companies, EV's are taking over with such rapid pace there will be no new ICE cars in 3-4 years.
Only if it were actually true... First except for Germany, EV sales are still growing. secondly, BYD has never been an EV only company but EV pus hybrids... anyway, here are the numbers and even pure EV sales are up for them: " In the first three months of the year, BYD sold 300,114 fully electric vehicles, up 13.4% over Q1 2023.
BYD’s electric vehicle production also rose 9%, with 291,730 EVs built in Q1. Meanwhile, plug-in hybrid sales were up 14.5%, with 324,284 PHEVS sold. Overall sales reached 626,263 in Q1, representing 13.4% growth YOY."
It just short lived joy for German car makers! EV is here to stay and will make inroad to become mainstream car.
Chines trucks have taken over Africa. European trucks like Benz, Renault, MAN diesel and the rest are now few in Africa
Electric Vehicle sales' decline is less than the decline of comparably optioned and priced petrol and diesel vehicles. The automobile sector as a whole is slumping enormously right now because cars are expensive and people are less likely to want to drive anyway.
funny that you don't mention the booming hybrid sales 😂
New car sale last month is the record march sale in Australia
Global EV sales are growing last time I checked.
Of course the sales of EV cars is declining as many USA allies put new tax on EV cars.
Of course the sales of EV cars is declining as many USA allies put new tax or requirements on EV cars. For example,
1. the USA makes it easy for people to claim the USD 7500 tax credit but fewer car makers can benefit from Biden's decision as Biden requires companies to open their factories in the USA and the batteries they use should not be from China. Tesla relies heavily on China battery technologies. While BYD definitely uses China technology.
2. Countries like NZ have introduced a new tax where EV pays an extra tax called Road User Charges. Cars like Tesla have to pay $71/1000 KM.
Those policies are very predictable. Hence those policies will only affect in the US allies but not the other countries.
I'm surprised that so many are buying at all. Electric cars are still expensive.
Coming down all the time, especially in China.
Blame your government artificially raise the price by tariff...
Sure, because purchase subsidies programs are ending and import tariffs on EVs are rising.
I agree that is the main reason for the slower uptake by consumers, also 2nd hand electric cars devalue far more greatly than comparable ICE cars, due to the batteries losing capacity over their life spans and being very expensive to replace.
not in china
Byd 1st quater sales will always be lower than all quaters ... as long as year on year sales is up thats fine.
I don't think this shows any particular decline in demand for electric cars. This reflects softness in the Chinese market, the long-term impact of global inflation, and the fact that Tesla is essentially the only game in town in North America and the type of people who would buy an EV find Elon Musk a repugnant human being.
It actually is in a decline IN GENERAL. While hybrid is in an increase
That's why my videos are better
Another expert who does not understand anything. When the heritage automakers say that car production is decreasing due to the lack of chips, then it is, but when because of the Hutu rebels they can't supply parts to Tesla and eco-communist terrorists burn the electricity supply, it doesn't affect the company at all :D
Global market has stalled due economic factors but interests rates make options such as financing and leasing significantly less appealing. Most people can't affort the extra 5 to 10K burden on an already high priced EV vehicle. True in all developped countries and especially China which is going through a severe depression-like economic crisis with a real estate bubble burst.
One of the other factor is many manufacturers globally were not able to release appealing (that is an understatement) new EV cars transitionning from their ICE cars. As always if the product is incredible in such a early market it will drive growth. Lack of news, or refresh from Tesla make the consumer might also wish for the consumer to wait for the new model Y refresh.
So my belief is the Industry must solve its shortcoming and release a more appealing cars that will drive hype and consumers to purchase. When the benefits and qualities outweight the shortcomings consumer can commit more easily. No matter what ICE and Hybrid are part of that market and will stay for a while, electric isn't the only way forward.
Not to mention that the enormous Chinese economy is slowing down. Inflation is impacting all emerging and developed markets. China is particularly beaten by the real estate bubble., which reflects consumers' PPP.
BYDs sales in the first quarter means nothing.
Due to Chinese New Year, Car sales are always low in the first months.
At the end of the year BYD will have wrecked Tesla and everybody else.
Correct
May this be the case!
hahah another CCP bot
@@martintop2605 CIA bot
Not entirely true. CNY happens every year but this year the BYD Q1 sales fell significantly because it started dropping its prices (the facelifted Qin+ plugin hybrid dropped below 80k rmb and became its top seller), so everyone is waiting.
Please, do not confuse people. The interest for EVs are very high, the problem is that they are very expensive, and with the inflation and high interest rates the capacity for people to buy is lower. Also, the segment of the population who can afford this luxurious prices is reaching his limits.
Batteries cars = 💩 💩 💩
I don't think interest in EVs is very high. Ford dealers in the USA have discounted brand new delivery miles Mach E to $7000 according to Car Edge, and they still haven't sold. So it's not high prices that are the problem. People just don't want them.
It was high for a while but not anymore. Much less after the world understands the possible raging fire that a chemical battery can create in the “right” conditions.
That interest will not be back until batteries are cheaper, denser and SAFER! (years away, IF possible…).
Is Musk short for Muscovite?
Yes.
I would say Muskrat, but I don’t want to insult Muskrats.
@@vincenteng218 Leave Elon alone...
He is the only one trying to get us off this doomed planet, deliver self-driving cars to everyone, wireless internet to every corner of the globe, brain implants for people with various life-changing issues, true freedom of speech for the internet, flamethrowers, electric vehicles, reusable rockets, funding open source AI development, solar panel roofing, advanced battery technologies, high speed vehicle charging networks, and I could go on and on...
How people cannot respect the man, I have no idea, must just be hating for the sake of hating..
He is the single most successful man the world has ever seen, and the only one using his money for good, whether you agree with him or not.
tesla is doing best and is again the leader because BYD lost 42%
Musketeers 💋
Anyone who wants a Tesla already bought one. For Tesla to continue growing, they need to provide a better value proposition than ICE cars. So far they haven't done so.
Do you know China domestic car sales is 4.1 million in the Jan-Feb 2024 period? Among them, 1/3 are EVs.
Out of one billion population? With state regulations for ICE and subsidies for EV. Shocking. There must be fair competition, I assume you.
Nobody cares.
they are actually more like half is ev
@@jnfunvufb With a head start of several decades you can't have fair competition - let's give EVs a few more decades and then we can adapt the regulations.
In March 2024, BYD sold 302,459 vehicles, a year-on-year increase of 45.6%.
And this is despite being essentially shutout of the US auto market due to STEEP US tariffs. So much for fair trade.
@@RCV2024there is no fair trade by xhina.
@@RCV2024I mean, the whole point is that it is not fair trade. Their cars are sponsored by the government directly, while Western manufactures are not, hence, not fair trade.
@@maximusasauluk7359 please 🥺 explain how they are sponsored, yet the EV subsidy ended in 2019 with Tesla even getting the subsidy 😮.
And if that's the case then what does IRA subsidy mean in US 😢 double standards everywhere 😩
@@maximusasauluk7359 你不要瞎扯淡……美国政府没有对新能源车进行补贴？
On mainstream media EVs are always dropping, but somehow sales have increased exponentially for the last 14 years, from a niche market to a massive market...
New EV registrations in Europe were growing exponentially until 2021, now it looks more like a sigmoid shape. And from December 2023 onwards, sales have been going down, mostly driven by Germany where new EV registrations declined by a whooping 47.6% between Dec 2022 and Dec 2023. Meanwhile, the EU petrol car market grew 5.1% over the same time.
@@knowthatyoudontknow massive as only 9% of the total automobile market?......hmmm yes anything that comes from a small base 100% 200% growth seems alot
Declined of German car is making this news
but the sales isn't slowing,, esp the oversea(out-of-China, like Mexico, east-asia, etc) market, it's only slowing down on US market. and you don't understand the industries at all if you think BYD is "low" quality.
Toyota's sales went up.
37% down in china so what are you talking about
@@michals1108 China doesn't count anymore.
@@michals1108 Toyota's sales are not only in China. What are you talking about.
@@genremags8317 I mean the story is more complicated than what they are saying here , all car companies are doing everything to catch up with evs
We spend over 100 years making ice cars, now we have hybrids and doing really well. EVs, well it’s not happening anytime soon. We still got a long long ways to switch over to EVs.
Toyota hybrids is the winner.
I'm still driving my 12 year old Prius 😊
renault e-tech hybrid is also great. happy with my clio
For a countey like Germany - who is consistently failling to meet it‘s goals on reducing Carbon emissions - to consider „protecting“ their national car makers against Chinese alternatives in a price range these German manufacturers don‘t even offer because they don‘t want to devalue their brands, is beyond me.
Every EV sold is Carbon emissions reduced. That‘s what should matter. Not whether we need to protect brand vanity.
BYD is growing outside of China, so while it is currently too dependent upon China for sales the future is bright globally for increased sales. Not that I am a fan of electric vehicles, I think buy the dip on BYD.
With such a large available market in china and Russia , I'm surprised that BYD cares about exporting cars anywhere else at all
china is forcing ppl to buy them
@@icu17siberia 俄罗斯由于气温原因，并不适合现有电池架构下的电车，现在的电池在大约15~35℃的温度下表现最好，锂离子在温度较低时活性不高，电池会有30%左右的衰减，所以俄罗斯大部分都是燃油车，最多能使用增程式或者混动汽车
Mr Akio toyoda is always right
and has retired after giving up the hydrogen strategy and hybrid strategy going full electric.
And Mercedes ditched the whole hydrogen developement even for heavy trucks , everyhting is over after 30 yyears of research and promises loosing dozens of billion euros.
Ev is doomed
Ev and artificial intelligence driving are future, Toyota is the Most profitable carmaker today but the revolution of technology swiftly changed, Toyota would be the next Kodak or Nokia if it lost the wave of change @@AkshayKumar-vg2pi
@@typxxilps Chairman isn't retirement for Japanese companies. Actually, we already have hydrogen buses in Tokyo for years using Toyota's technology. And now JR East is testing it with public trains with projects such as HYBARI. Japanese government wishes to introduce hydrogen with steel production as well. Whatever happens in foreign countries, Japan's shift to hydrogen is on track. The reason is, EV makes no sense, as we need to import and burn more natural gas to generate electricity.
Of course the sales of EV cars is declining as many USA allies put new tax or requirements on EV cars. For example,
1. the USA makes it easy for people to claim the USD 7500 tax credit but fewer car makers can benefit from Biden's decision as Biden requires companies to open their factories in the USA and the batteries they use should not be from China. Tesla relies heavily on China battery technologies. While BYD definitely uses China technology.
2. Countries like NZ have introduced a new tax where EV pays an extra tax called Road User Charges. Cars like Tesla have to pay $71/1000 KM.
Those policies are very predictable. Hence those policies will only affect in the US allies but not the other countries.
When we look at the BEV share of global automotive sales, we see significant growth. When we look at BYD's and Tesla's share of the global automotive market we see that they own that market. What's more, they are selling BEVs at a profit while most of their competitors are losing money on their BEV sales.
Sales of electric vehicles were turbocharged in Thailand in 2023, surging by 684 percent compared to the previous year. The April International Auto Show as almost exclusively EV in Bangkok.
I love my "Mach E", EVs are best suited for charging from home. I have nearly 500km of range every morning, in the rare occasion that I need to go farther an hour break to charge is easy to fill with a meal and restroom break, also many hotels now have destination chargers, wake up and I got another 500km of range.
Are you using 400+ KM per charge or just charging it whenever you get a chance regardless of whatever % the battery is at?
@@Nesstor01 "ABC" always be charging, my daily commute is 100km round trip, when I get back home I plug it in. It's a 48 amp charge station it does about 50km of range per hour, I keep it charged to 90% for daily use as recomend by Ford. On weekends I like to do day trips, often I pick destinations with level 2 public charge stations just to keep it topped-up and for the good parking spot, lol. I only use DC fast charging if I can't make it back home, because it's far more expensive that level 2 public and home charging.
^^^ This bloke lives 500km at a time ^^^ needs to get out more
Next quarter there will be a video about the dramatic surge in EV sales!
Seasonality is a thing.
I love how jealous you are off china .
Using a Chinese phone
I don't get the " new energy vehicle " designation. They're talking about electric cars and neither electricity or electric cars are " new ". The first American electric power station was built in 1882, that's 142 years ago and the first electric car was built in the 1830's, over 185 years ago. Does anyone know why they're saying new?
If we look at Q1/23 vs Q1/24, total sales combined for these two brands are up. The drop in Q4/23 to Q1/24 could well be just a seasonal effect (ie people just buy less cars in the first 3 months of a year vs the last three months of a year). Let’s see what the 2nd quarter 24 looks like before making any major conclusions.
EV sales is declining? Are you sure?
no, its increasing
Hybrids are better than an EV. Ask Toyota.
Hybrids suck.
Hybrid is worse than ice.
@@rajeshranjan3199 for what? Driving or environment? Supercars and hypercars are hybrids now. They are objectively better for the environment than either ICE or EVs as long as we are battery constrained.
@@MadMadOne For the most part, hybrids are worse. I used to work in rental cars and most customers who got one voiced their frustration over them. The problem with them is that on the motorway, the battery runs flat very quickly due to a lack of braking. When that happens, you just got an ice car with the added ballast of a battery + electric motor, which leads to a noticable increase in fuel consumption. Some customers said that they even had to do an extra fuel stop because of this. Hybrids might work well on paper if you assume they’re constantly being used in a stop and go environment, but that is simply not the reality for a lot of motorists out there. You either go full ice or full ev. There is no inbetween for me personally.
@@rajeshranjan3199 no hybrid owner says that. Hybrids are orders of magnitudes better than ICE vehicles.
The mileage difference accumulates to a good number overall and it's easy to adopt for existing car owners.
In the 1970s quartz watches were produced in millions and everyone thought it will eventually replace automatic and winding watches….it didn’t.
Probably EVs will be the same story…
Until today EVs reminded me of my days as a kid excited over an electric motor driven toy car albeit a little more sophisticated.
It is like every electric toy manufacturers can produce it as soon as tomorrow
It's usual for new car sales to slump in early months of new year as the prices are premium and non-negotiable but later on in the year when new model/year is incoming, well manufacturers/dealers are very flexible then!
ICE cars are not selling either…
Most gas cars last longer due to secondary used markets. EVs do not have a good used market, mostly for the damage on wiring and the battery itself. That's just how electronics are when they use batteries and wires that aren't good for the used market. Today, a 2007 gas car could still run well, not.mutch about battery but even so wiring, and the battery is easier to work with. The main issue with EV is the secondary market that manufacturers neglect even when those sales help first owners to liquidate and invest in new model years.
this is much more of a new cars vs old cars than ev's vs ice issue, but yes, way too many cars are not designed to be easily repairable as they should be.
Most EVs are branded salvaged when involved in accidents
Buying a used EV is very very dangerous. Old cars are old... and the most expensive part of an EV is directly affected by age.
this! they're just ignoring the fact that at least in Germany people put a lot of price on resale ability of the products
New car sales are generally declining all around and not just EVs. Blame the market condition. This report seems to be lacking something. I just switched to EV from ICE. Main reason? Cheaper electric price than gas. I'm saving at least $130 a month. Never had an issue with range. It's the same as ICE. The faster you drive, the more gas or electricity you consume. But driving an EV is also better. It is quieter & acceleration is of course better. I loved my ICE but I don't think I will switch back to it anytime soon. I live in a very cold climate and the remote pre-heating or remote start is very useful which is almsot standtard on EVs. The one pedal driving is also useful in traffic or at least, the max regenerativ breaking. I don't miss switchin from gas pedal to break pedal at all.
Considering the resale value, insurance cost, and potential cost of fixing if something breaks...I don' know if EV saves money.
@@yo2trader539 EVs have minimal maintenance cost compared to ICE but when they break, yes they tend to be more expensive but most EVs have 5-7 years warranty anyway.
Wait until BYD halves the cost of its batteries, like they’ve said they’re on track to do so by the end of this year. Then BYD’s EVs will be cheaper than ICE vehicles. That’s what’s keeping the major car manufacturers’ CEOs up at night.
It's just a matter of time. Just look at what Li batteries cost a decade ago and now - same goes for charging speed and capacity. And this was achieved in just decade...I wouldn't be surprised if we see the 1000km/5min charging EV in the next few years. Energy storage is one of the most interesting and fast growing markets now.
It's macro economics, overall housing market and car market is cooling down from last year or so
You're right! The government pushed a lot of money into the economy during covid. That caused a lot of inflation. Now they're increasing taxes, which piulls money out of the economy. The result is a cooling housing and auto market.
Unlawful use of patent module software
Well we consumers were telling them all along, and yet they chose to ignore us.
・Prices for experimental technology too high
・Charging stations and infrastructure too scarce in city apartment complexes
・Charging times too long - ICE is 5mins, EV charge is 25~35mins
・Battery depletion too severe in hot climates, leading to low resale value
・Battery health in second hand vehicles impossible to measure
・Range exceptionally low in cold climates
I love the motor as a power source. But I can't use it practically.
I have a 2015 model S, very low km on the clock (37,600), I recently thought of upgrading to a 2022 model (the last RHD version) but the car inside and out looks basically the same. So I decided not to spend the money and to keep my 2015.
EV sales are NOT declining. It is GROWING globally, but not growing as fast. If this was a school project in 3rd class you would fail.
Just bought hybrid from ev
If I were in the market for an EV, I would certainly be loath to hand over my money to Elon Musk. And with the BYD models being much more attractive in many ways, there's zero chance I would buy a Tesla.
I would say Tesla has no worries, the Model 3 is new and growing in sales, and many customers are waiting for incentives mid-year. Plus Model Y is awaiting to be renewed so many customers are waiting on it despite some price cuts on the old one. Tesla will need to cut those prices down further to clean the old stock inventory.
😂😂😂😂 good joke . Talks users byd batteries
l have a EV from China 🇨🇳 l have no problem at all, so all this media hype trying to paint a different picture I'm sorry
it is pretty naive to look at the problem this way. it is not about the car itself, but more about if we are on level playing ground to compete: BYD get billions dollars funding from their government; with negligence of environmental impact in the process of production; negligence of worker's right in the process of production. as result they got to be making a much cheaper car in the end and so they can "dump" them to countries with higher bars, which ultimately destroy the healthier market there.
you finish with the market healthy here...come on what world are you in
Do you believe that N. Tesla liked being called "Tezla"?
According to the DIGITIMES Research report, BYD's EV sales are predicted to reach 3.8 million units in 2024, compared to Tesla's 2.2 million units. The gap between the two companies is expected to widen to 1.6 million units in BYD's favor.
In the final quarter of 2023, BYD sold 526,409 electric cars worldwide, surpassing Tesla's 484,507 electric cars delivered in the same period.
For the full year 2023, BYD delivered 1,574,822 electric cars, while Tesla delivered 1,808,581 electric cars.
However, BYD's EV sales grew 73% year-over-year, outpacing Tesla's 38% growth.
The Visual Capitalist graphic shows that BYD had a 22% global EV market share in 2023, compared to Tesla's 13.2% share.
The evidence indicates that BYD has been outselling Tesla and is expected to further widen its lead in 2024, rather than Tesla reclaiming the top spot.
Results do not support the premise that EV sales are generally declining.
I don't think it paints whole picture.
I know few dozen of ppl who would love to get an electric but can't in current financial environment. Lets be honest - the only electric cars worth buying are from the "premium" segment where producers don't compromise on battery size and charging speed. But such cars priced high and unless you are loaded enouth to buy it outright - getting loan with current interest rates are damn financial suicide.
For example I'd love to have BMW iX50 but without the loan I can afford 30% of it.
Bring back V6.
nobody want's a fax machine ever again bro
Yeah, lovely engines
@@JohnSmith-pn2vl And nobody wants metrosexual EV with no passion and no engine noises.
Nope, just V8's, not the veggies juice 😂😂😂
1:54 If you compare Q1/23 with Q1/24 there is actually growth in this sector for BYD. To be fair DW should compare Q1 with Q1 and so on. Another more accurate comparison would be the annual sales and NOT just quarterly.
Quarterly or/monthly growth is needed to know the actual growth of a product.
seasonality. @@patay168
BYD also sells a lot of electric buses worldwide (>70 countries / 400 cities) ...
"To be fair DW should ..."
Since when DW has ever been fair.
They just talking EV sale decline but not mention it in relation to the total car maket sale. Half the truth is not the truth at all
Can you imagine if Tesla and BYD re loosing out, what's happening to the others? 🤣
I keep my cars 20+ years with only regular maintenance and have always had great success with Toyota and Honda. Electronic EV's aren't for me due to higher cost and shorter life.
If I was given a free EV with a home charger I would be for it my family has ICE cars to support its weak points.
However buying a EV and especially without any ICE back up makes no sense.
Plus I have little faith in how EVs age. Honestly all new cars have questionable long term quality and reliability due to all the cost cutting and constant additions of complicated tech.
No sense to you perhaps, but makes sense to many. That's all that matters.
@@JoeyBlogs007, I think it's the other way around. EVs make sense for a small subset of car buyers (who would be better served by investments in public transit), and they don't make sense for most consumers.
@@JoeyBlogs007 Many? There's more people who live in a city and appartment buildings than people who live in a house with a driveway....
An EV for the majority of populations in the entire world doesn't make sense.
These are cars for people who have money to waste on second or third car.
I can't speak for anyone else, but a few years ago, I had "tesla" at the top of my list of EVs I wanted to buy. But, then Elon seemed to go completely insane, and ever since then, I have been anti Tesla. You couldn't give me a Tesla now. Honestly, I would rather buy a competitor's car. Speaking of which, I am proud to say that I have reserved a Rivan R2.
All cars are getting more and more complicated. EV is classed like a mobile phone. Change technology fast and battery is getting cheaper as it has more capacity.
If Byd sold an EV for 10k, it would sell like hotcakes, you would have to beat them away with a stick. people will figure out how to get it charged. Passé is the > 70-80k, and soon the demand for 40-50k will dry up.
The success of ev is real and possible, 2021-2023, sales growth in US, charging supported up to now for Tesla proved it. Problem is the brand is trending from hero to zero very fast. From chicken that couldn’t lay the golden eggs fast enough, to the boy who cried wolf. The hype is gone and not believed. People failing to make a good apple clone doesn’t mean apple isn’t going to still dominate , provided they don’t taint their own ecosystem, but preserve protect and grow it.😊
BYD do that already, in China.
so how is the best selling car in the world the Tesla model Y beating everything, not just ev's ?
i got one and i know why
In China, the BYD atto3 costs just $11,000
Tesla drivers are copycats and lack originality. Do you use a iphone also?@JohnSmith-pn2vl
I had posted at the beginning of the year that sales were going to be down in the first quarter and the stock will plummet. Boy, did all those TSLA stock owner cultists attack me! Now, I'm saying that Tesla sales will drop every quarter for the rest of the year. It's too obvious why. Its stock will drop well below $100/share this year and that price will still be too high (so will drop further in 2025).
possible!
Tesla is overvalued for a long time, they are elon and r/w$b cultists
And Hybrids are selling extremely well with the European Automobile manufacturers way behind when it comes to Hybrid designs.
The Chinese had put everything into EV designs but are starting to make serious inroads into Hybrid sales.
😎🇦🇺
The tariffs US government applies to Chinese EVs are immense. If not for those tariffs, EVs would be so much more accessible and affordable and with far greater sales. I mean take a look at how prices of the Chinese EV manufacturer.
With gas at $5 per gallon. I don't know what issues people have against EV. 😅
Resale value for one
@@mcdaddy2011 is by far the best the industry has every seen, this is factually true, everybody can research this and there is 100 years of hard data available.
you just fell for another of the MANY lies legacy media is spreading on a daily basis.
Electrical vehicles are a non sense, the batteries, the recharging proces....it is all inconvenient and more polluting overall 😂
EV's are NOT more poluting. Get your facts straight before posting disinformation.
@@Tom-dt4ic Do you know what takes to make those infamous batteries? Get your facts straight, before offending people for no reason.
@@Tom-dt4ic The writer is being polite, possibly in fear of repercussion. Rare minerals are also non-renewable, and more quickly finite than coal and gas.
The pollution involved in their extraction is greater and involves the opening of several new mining sites. The cost of production is higher and overall increases the average use of household and council electricity which derives mainly from the grid which is powered largely by coal.
Furthermore, there is the problem of disposal for such a toxic and slow decaying apparatus and recycling isn't all that viable or possible. Not to mention how prone to self ignition lithium batteries are.
I POSTED THE ABOVE LINK 4 TIMES AND IT WAS DELETED. DO NOT DELETE, SINCE YOU REFUSE TO RESPECT MY OPINION I AM SHOWING YOU THAT THERE ARE OTHER SOURCES TO MY FACTS
@@Tom-dt4ic Waw, looks like the link with all my facts checked have been deleated again. And then no one believes me when I say that I get fed self deleating information that gets deleated as soon as I read it or see it 😂😅
I think that dropping Tesla prices contributed to some people shying away from from buying Tesla expecting Tesla prices to drop again.
Tesla doesn't care. They can only sell as many cars as they can make and they don't have to lower the price any more than what's required to achieve those sales.
in central Asia country's like Uzbekistan Tajikistan Kazakhstan, BYD ev so popular right now because of price 🔥 in capital city Uzbekistan a saw million ev Chinese
No one should be buying anything from China. Complete ignorance to put all these restrictions on your own economy and buy from China without the same level of restrictions. Absolute idiocy.
I will and couldn't care less about your opinion.
So we in the western democracies all seem to have a bone to pick with the CCP. Thats a legit reason to not support the country but in all things electric they are way ahead of us. How do you feel about supporting all the governments that dominate oil production? OPEC is our puppetmaster.
I avoid buying chinese products (yes it is very possible!), and will NEVER buy a Tesla until E.Musk is around.
In a few years, Japan will have a number "proven" EV models. Until then, I enjoy high-quality Toyota/ Lexus / Honda hybrids!
If they can retrofit solid state batteries to existing EVs, there are going to be some bargains in future
That’s Nio
People seem to have finally realised that EVs are not normal cars . They are consumer items like a washing machine and when they are a few years old you throw them away and kiss the money goodbye .
Electric vehicles are not ready. Imagine waiting over an hour to charge just to get 200 miles and then you’re out of electric again. The cycle keeps repeating and you realise you’re better off with a petrol or diesel car!
Hybrid is the best of both worlds IMO
Depends : many cars charge rapidly and gain that many miles in 20-30 minutes. It may seem a lot, but of course it depends on your needs. Most people won't drive more than what any decent electric cars on sale today can on one charge. Battery technologies still have room for improvement.
@Krynale Prius and Volts are the gold standards of them IMO. I would never own either i prefer V8 with engagable 4wd.
I have been renting tesla for the last 3 weeks. Every 2nd day, I spend 1.5 houtd charging tesla from 20% to 100%. Even to 80% it is over 1 hour. Every time I go to the nearest tesla supercharger, 260kw, 5 am, and charge it theb go to sleep in the car for 1 hour or so
Why is so hard to just have freedom of choice and get a car with power train we want ...
It's not a BYD problem, it's the Chinese EV problem, customers buying Chinese EVs are dealing with so many issues associated with the quality of the cars, and then the issue of fire hazard that comes with the Chinese EVs (BYD has the highest rate of fire incidents) has made people reluctant about them.
I owned a Tesla and it was like never ending issues. Kia Niro Ev way better.
sure, cos you cant Bring Your Dollars....welfare?
@@chingtuckmeng1122 don’t give dollar for product you have to constantly mend like a Tesla
There’s no problem with BYD EVs. They are extremely reliable. There’s a problem with hybrids. That’s a separate issue.
BYD is trash.
Those cars are both unsafe and dangerous.
The biggest problem with EV cars is that you don’t have charging areas everywhere you travel. There’s triple amount of gas stations compared to EV charging stations. Plus some charging options for home are extremely expensive. Hybrids are better option because you get the best of 2 worlds . Gas and electric mix. Very smart move to own hybrid for now until automakers figure out making EV cars longer range which will take years to build. Consumers are NOT ready for full electric vehicles.
You can literally plug your car into the wall charging home is not expensive right now I drive about 1000 miles a month and pay $20 a month
First time in life when my family owns just one car.I don't have to go to work anymore,so i don't have a car anymore,too expensive nowadays.
Tesla still sold the most EV, byd is selling both gas and EV. So if you're just counting, EV Tesla still sells more than BYD
Dos ´nt matter when the nummers falls.
Byd has stopped selling gas vehicle years ago
and the stock price is still stalling cause do you really wanna call beans ?
Tesla has now to fight, attacks from everywhere and no longer that growth needed for all these plants and especially terrible built quality shipped from the us plants.
Any updates about fsd promised for 10 years or even longer ?
Roadster has been forgotten, delayed or will become far too expensive live the cyber truck ?
that will not even sell here even though the first has arrived , in Munich at BMW headquarter fully disguised. They had gotten one from the USA to tear it down.
People won't buy them on mass until they can be charged in less than 5 minutes and cost half what they do now. You can't expect people to ditch their reliable modes of transport for these things as they are today.
the gasoline cars are not half the price, non sensical comment
and you will be the last to adopt and buy one cause you have forgotten to mention that it takes more than 5 minutes to fill up a car on the gas station while ev can charge at home without any detour in most cases cause who is daily on long distance trips ? the average car drives 14000 km per year hear . Divide that by 250 working days then you get tiny figures and not daily commutes over 300 km.
Charging is fast already. Newest Taycan 18 minutes for a now 15 kWh bigger battery from 10 to 80% is a lot and it can be achieved in all temperatures cause the preconditioning of the battery has also been increased by 50% to 18 kW.
Just a matter of time - or look back 10 years ago how fast the charging speed had been and charging time: below 100 kW and closer to 50 than 40 minutes. Should we talk about range increase since then ? 40%
How long do you wanna live in your long distance road trip world. ?
If you come to germany and drive that long the police will arrest you to stop you from driving any further if they think you are tired.
It is just a matter of time till gas game is over, completely over except maybe in the USA but this is the country with the highest exploitation of the earth per capita already by any standards, big trucks, ac every where and poorly constructed houses with not much insulation, terrible roofs - compared to european standards.
Non stop engine problems with my ICE car. Frequent visits to the workshop. Can't wait to dump it for an ev
@@typxxilps there are people riding horses to this day...
only people without any clue whatsoever would say this.
now for a fact the Tesla model Y is the best selling car in the world, of all cars, not just ev's.
so it is defacto already the norm, you are just behind
EVs sell well in China because power is primarily cheap and from Coal, nuclear etc and therefore it makes total sense buying EVs in China. But everywhere in Europe , Energy cost is high and the energy mix is not realistic, hence the EV business will be hard to sustain especially in countries where there are greener forms of expensive power.
What's happening is they're running out of people to sell them to. Its not just the cost of the vehicle, but availably the infrastructure to support it. Imagine having to choose your home based first and foremost, on it having its own gas station.
Sales of EVs in many markets have completely dried up. The experiment is over. In Australia, the company that installed 30% of charging stations has gone broke and they are being ripped out and taken offshore.
EV sales more than doubled with 87,217 vehicles sold in 2023, according to figures by the automotive industry's lobby group, FCAI.
You sure about that?
Tesla makes uncomfortable poorly made cars with a stale line up.
myth and truth are so near in this 1 sentence. Tesla from China are not poorly made, same for the european ones even though they face issues like the latest highland edition with the suspension on german autobahn at certain speeds and for many but not all customers.
And open your eyes: the fastest growing brand must have something that let them sell such amount of cars and with such a growth over more than a decade. those tesla made in the USA are suffering from partly terrible built quality but let us know why the customer satisfaction index is so damn high, much higher than for example mercedes buyers ?
JD Power is doing the same stuff for decades, but tesla customers are more happy especially americans.
And no, i do not own a tesla nor want one, but I had been working in the car industry for over 2 decades and for the oldest car manufacturer but also had a contract with audi and Porsche. So I can tell you that Tesla has improved a lot , not everywhere, but they have still advantages and all the german brands are struggling big times to keep up even Mercedes with terrible huge investments and mediocre results and not the best sales. Porsche might have now for the first time hit Tesla hard with the new taycan, bigger battery, lighter car, faster charging and faster real world acceleration which means from 0 standing still to 60 instead of the tesla footnote which gave them an advantage.
this is not true, my tesla is better in every way than my mercedes, even the panel gaps which there aren'T any on the tesla
Last month I rented two electric cars, a Renault Zoe to drive 104 km to my local airport and a Tesla Model 3 to drive back home to the airport. In both cars I was horrified to see how sensitive range is , specially when driving briskly and fast as I always do when driving my supertorquey diesel BMW. After this experience, I will certainly not buy an electric car.
Why are you telling us that you don't have the money for a new car? We don't care. ;-)
@@schmetterling4477 of course I have a new car. I was curious about electric cars, so I rented them to get to the airport and back. Now I know I will never but an electric car unless they improve dramatically, which I seriously doubt.
@@johnz4860 All you are telling me here is that you are suffering from BEV envy. I really don't care. ;-)
@@schmetterling4477 I don't know what you are going on about. I point out that EV range is rubbish and then you ramble on about envy and not caring yet keep answering. Anyway, EVs are the biggest political smokescreen ever as well as being financial arson for anyone buying one of those wheeled batteries which are inferior to internal combustión cars in all departments.
Simple as that electric car is not convenient hybrid is way better no headache waiting for charging
very slow.. no power
The answer is more efficient petrol and diesel cars. Ev is a scam that’s now beginning to get rumbled
And soooo inefficient, the climate will rip your home apart.
this is not ture since refuleing takes way more time than recharging.
i spend exactly 10 seconds a week to charge my tesla, 5 to plug in and 5 to plug out, that's it.
when on a road trip the charging is faster than i need already.
it saves me 5k a year on fuel so it even pays for itself.
Where are you want go fast .the new hybrid technology is not slow anymore
seasinality in china is huge. china new year every business close.
byd grow 20% year to year in china market. export double.
in singapore byd market share 16%. number 1. beat toyota. singapore all year summer. byd u can control car air con on phone so no sweat getting in byd.
byd only introduce 3 models. dozens yet to come.
Chinese ev’s are poor build quality and a fire hazard
@@ovid4 i drove caynne and cls for 16 year. now drive china ev. far better than german cars.
byd is no. 1 sales in singapore. beat toyota.
which world u live? 2010?
@@lifefun1987 Lol, yeah right bot. BYD is trash
@@ovid4 ur opinion does not change fact. Singaporean vote with money.
sg is far rich than germany. or ur poor corner.
@@lifefun1987 You know Chinese cars are not reliable or well built.
Why does "electric vehicle" automatically mean irrationally excessive 2 tons cars, which have devastating environmental impact to produce, require a costly infrastructure to be built, and just as obscene to use for daily personal transportation as a petrol car, due to the vehicle weight / body weight ratio? Would be nice to see more recognition and more friendly legislation in Germany towards smaller, truly low-impact electric personal transportation devices, for example e-scooters. The current legislation that forces special versions to be sold on the German market, with a very low maximum speed of 20 km/h, plus the requirement of insurance and licence plate, is highly punitive compared to other countries, and pretty much prevents the use of them. I think a reasonable and functional future of transportation would include a variety of transportation devices, where people would choose the right device for each trip - e.g. taking a car for a long family trip, and taking something like a low-weight e-scooter for a 20 km personal ride to the workplace.
Hybrid sales will be higher until our infrastructure and technology make it easier and more convenient to charge electric only vehicles
Hybrids are the sweet spot.
No range issues, great mpg and somewhere in the middle when it comes to pricing.
Also Toyota.... so reliable!
The real reason is lack of consumer interest. EVs are not ready for primetime.
This take is dumb. It's clearly an infrastructure issue. Governments have been dragging their feet on developing or maintaining infrastructure for decades. Tesla had to build its own charging network to get any traction.
Economics matter and EV is far more affordable to own and operate and allows for less dispersed emissions from millions of fuel burning vehicles.
Look at any mature EV market and see the sales (e.g. Norway).
There is a huge media push against EV in the US and Germany. Take a few seconds to ask yourself why.
Tesla model Y was the Best selling carmodel on planet Earth in year 2023
Yup. The technology is not where it should be to get most people to give up gas powered vehicles.
@@KBergs - You’re delusional…these damn things have no resale value. Who wants to spend thousands of dollars on an EV only to watch it depreciate by less than 50% in a year. Hybrids are the way to go until manufacturers come up with better batteries and infrastructure.
@@mikafiltenborg7572 - Sure
Actually this is my proposal for the German automakers:
#1 get together to form a Biofuels Corp that makes e-fuels such as green methanol, green DME and others
#2 have a national carbon capture to e-fuels program and instead of gibing rebates/tax breaks for buying vehicles, have them for choosing these e-fuels @ the pump?
#3 more RnD into efficient methanol fuel cells? IIRC the best ones at currently @ 65% efficiency?
Swappable batteries and swapping stations with a battery subscription. This is the solution to make electrical cars viable.
I'm not against EV but again the main issues are:
1) expensive
2) takes too long to charge
For the 2nd point, not everyone has the possibility to charge at home
Also, something that has to be taken in consideration is so far the governments don't tax EV, meaning it's losing revenue big time.
Increasing the price of electricity wouldn't be fair to people who don't own cars.
1) not true, Tesla model Y would not be the best selling car in the world beating even ICE if it was expensive.
mine saves me 5k a year on gas, there is no maintenance, no brakes to change no discs to change no nothing, jut tires and washer fluid, that's it.
2) charging takes WAY less time than refueling, that is just a fact.
i charge my Tesla once a week, that takes 10 seconds total to plug and unplug.
on a road trip supercharging is already faster than i would every need, i can barely get a bathroom break and buy some snacks.
14 minutes is plenty to charge, most of the time you spend more time and you are already at 85%.
3) gas price would increase 10 times if subsidies would be removed, so, you have absolutely no argument there
CEO of VW who said this publicly, people have no idea, especially how vast the subsidies in the oil industry are.
i guarantee you all your concerns evaporate oncer you learn how to use an ev and how much better it is.
try it out for yourself and rent a tesla for a week or two and see for yourself.
i would not get any other ev, they are all trash, not becuase they are trash but because Tesla is so far ahead.
@@JohnSmith-pn2vl prior to answering your comment, could you tell to me where do you live (country)?
You have to look at profits not sales. This guy clearly doesn't have a clue what he's talking about.
sales are more important for a growth stock. Tsla is not a value stock!
Profits are not important in a new Market. Market shares are more important. Profits come later
Much of Tesla's profits come from carbon credit trading in the US. It's a business model that is viable so long as American manufacturers don't also switch to EV, but as carbon credit revenue decreases, Tesla is going to sell a magnitude more cars to offset the basically "free money" that the credits provide.
@@bullpup1337thats right
This discussion is about market share not about profit.
In the US, I think the used car market being flooded with car hire companies like Hertz retiring 4 year old cars as a matter of regular practice is keeping people from buying new.
Diversification seems to be Tesla's strength, while BYD's focus on the Chinese market poses both opportunities and challenges for their growth. 🌍
Evs are boring to drive. Acceleration and quietness is all you get. A petrol motor and manual gearbox are the essential ingredients of a pleasing driving experience
By that logic get a horse, way more fun than a car.
Nothing like the mechanics of a steam engine car!
Plus you're not really driving unless you smell that good old gas odor, which the slow acceleration gives you plenty of time to take in.
Different strokes for different folks
Yep, love chasing the revs to the red line through the gears, exhilarating, even a low powered small petrol car is fun to drive, my little 1.3 vauxhall nova only had 70bhp but was a hoot to drive, more fun than bigger, more powerful cars with automatic gearboxes.
If Musk was a Democrat Tesla sales would be doing good.
Fox fried your brain
Nah. If he was Independent or Never-Trump Republican it would be fine. He has gone MAGA-Republican & tweeting Far Right conspiracy theories.
Really? Do Americans really base their car purchase on the CEO’s political positions? I’d never do that. I’ll buy the product that is best for me
@@AB-zl4nhWhat about the far-left conspiracy?
@@xXAlmdudlerXxask Disney
Weird to use Tesla as headline when nee car sales is declining. It is because of geopilitical and financial unrest. People have high interest rates and inflation to worry about, and the economy is slowing down in such a situation. Of course, DW have to make a clickbait story about Tesla and BYD “losing out”, when in fact it goes for all new car sales.
I don’t know what do you say about Elon Musk canceling Tesla sales, what I know is that I stopped buying German cars due to the VW scandal.
Philippines 🇵🇭 condemns China 🇨🇳 for violating international law in South China Sea but supports Israel 🇮🇱 violating international law in Gaza Palestine 🇵🇸
Double standards Philippines 🇵🇭
Free Palestine 🇵🇸
gaza, palestinians and the arab world support russia invading Ukraine, double standards.
China supports Palestinie 🇵🇸 against 🇮🇱 while prosecute and kills Uyghurs ☪️️ after invading their own sovereign land.
China supports north korea 🇰🇵 to exist even though it was historically part of china but threatens to invade Taiwan 🇹🇼 by giving same historical argument. Chiness double standards
Free Tibet ☸️