Overall, since January this year, carmakers around the world have sold more than 15 lakh plug-in electric vehicles. Tesla, expectedly, tops the list with most units sold during this period.
Are electric cars the future?
With battery prices reportedly falling 73% since 2010, electric cars are expected to be as cheap as fuel-powered cars in the foreseeable future. The International Energy Agency cites that by 2020 up to 20 million electric vehicles will ply the road, a number that is expected to go up to 70 million by 2025.
Who is Tesla’s biggest competitor?
Tesla currently has ‘no competitors,’ but its biggest rivals will come from China, auto-manufacturing expert says
- Even as EVs boom, Tesla has no real competitors, according to manufacturing expert Sandy Munro.
- Chinese firms like Nio and XPeng will pose the biggest threat to Tesla, Munro said.
Is BYD better than Tesla?
BYD versus Tesla. When comparing the two companies head to head, the data shows that in almost every relevant dimension, BYD has gone further and is growing faster. Passenger vehicle EVs: BYD not only outsold Tesla last year, but its planned growth this year is higher.