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Another fiscal year and another bold prediction that Tesla’s long-running reign as the global market share leader will end. As previously predicted, BYD is once again expected to usurp Tesla in total BEV sales in 2025, and it may actually happen this time.

The possibility of Build Your Dreams (BYD) overtaking Tesla in global BEV market share has teetered on the fringe of fruition for years now as the Chinese auto conglomerate has become one of the most innovative and quickly expanding companies in its respective segment.

BYD has expanded its market reach throughout Asia and into new markets with sales and localized production around Europe, South America, and even Mexico (maybe).

Such rapid expansion has resulted in record sales for BYD so far. In 2024, it marked a record year, achieving over $100 billion in sales, which has continued into 2025 thus far. Earlier this week, we reported that through the first three months of 2025, BYD had sold over one million New Energy Vehicles (NEVs), up 60% from the 626,263 sold in Q1 2024.

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As such, Tech research firm Counterpoint has predicted BYD will (finally) overtake Tesla in global BEV market share in 2025. Forgive us if you’ve heard this one before.

In late 2023, Counterpoint shared that by the end of Q3 2023, BYD had caught up with Tesla, holding 17% of all global BEV sales and 68% YoY growth. Furthermore, the Chinese automaker’s sales sheet was growing at a more rapid rate than Tesla’s, predicting it would overtake the BEV crown sometime in 2024, if not by the end of 2023. That didn’t happen. Tesla ended up having a strong Q4 2023 but BYD continued to narrow its gap.

Counterpoint reiterated its prediction in the summer of 2024, which almost came true. By the end of the 2024 fiscal year, BYD had sold 1.76 million BEVs but was just edged out by Tesla, which sold 1.78 million.

Three months into 2025, Counterpoint likes what it sees in BYD and is once again predicting the automaker will finally overtake Tesla in BEV market share this year.

BYD's-ultra-luxury-EV-sedan
BYD Yangwang U7 ultra-luxury electric sedan (Source: Yangwang)

BYD predicted to own a 15.7% BEV market share over Tesla

Counterpoint shared its latest Global Passenger EV Forecast this week. It anticipates that BYD will end 2025 with a 15.7% piece of the BEV market share pie, compared to 15.3% for Tesla. The tech research firm cited BYD’s proprietary technology, such as its new Super E-Platform, 1,000 kW chargers, and Blade Batteries, as a leap in BEV performance and ease of use for customers, leading to even more sales. Counterpoint research analyst, Abhik Mukherjee, elaborated:

The system can deliver 400 km of range in just 5 minutes, setting a new industry benchmark, far outpacing Tesla’s Supercharger, which adds about 275 km in 10 minutes. This technological leap is expected to significantly ease consumer concerns around charging time and boost EV adoption by reducing charging anxiety.

Conversely, Counterpoint cited Tesla’s recent struggles as evidence that it will cede its market share crown in 2025. We’ve seen a less-than-rosy outlook on Cybertruck sales. Tesla CEO Elon Musk has become a polarizing figure in the political sector, turning many customers off to the brand in regions like Europe and the US.

Counterpoint also noted rising geopolitical and trade tensions between the US and China and increased tariffs on Chinese EV components brought on by Musk’s unusual new alliance with President Trump, further rattling Tesla’s supply chain. Those hiccups, combined with delayed product launches and intensifying competition in BEV technologies, appear to be enough to dethrone the long-championed American automaker. Associate Director Liz Lee spoke about Musk essentially shooting himself in the foot by bringing a sleeping bag into the oval office:

CEO Elon Musk has scored somewhat of an own goal against Tesla and we are about to catch a glimpse of how much the company’s sales were hurt in Q1 2025. This is a big opportunity for BYD and if they deliver on the fast-charging promise, this could be the turning point for BYD and the China BEV story globally.

Thanks to BYD’s strategy (similar to Tesla’s) to achieve vertical integration, the Chinese automaker could overtake Tesla’s market share this year and not forfeit its lead for quite some time. This team around, it feels less like a question of “if,” and more of a matter of “when.” We should have a better idea when Q2 2025 reports from both companies hit the public.

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New 2026 Volvo S90 looks great – but if you can read this, you probably can’t have one

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New 2026 Volvo S90 looks great – but if you can read this, you probably can't have one

Volvo Cars took the wraps off new-for-2026 S90 plug-in hybrid, calling the big sedan the most elegant and comfortable 90 yet, promising nearly 50 miles (80 km) of all-electric range and a comprehensive suite of high-end technology and design updates … but if you’re reading this in English, you probably can’t have one.

The updated Volvo S90 is still blinking into the spotlight, but there are already reports that Volvo Cars has decided against bringing the slick new sedan to the US. And Canada. And the UK. And … you get the idea.

That’s too bad, too – because the SPA S90 has always been a comfortable and capable performer. Alas, sedans aren’t selling, you could get whiplash trying to keep track of all the tariff news these days, and Volvo (like a lot of companies in 2025, frankly), no longer needs the English-speaking world to keep it profitable.

“The S90 is a key part of our product portfolio for the coming years in some of our Asian markets,” says Erik Severinson, Chief Product and Strategy Officer at Volvo Cars. “Together with the new fully electric ES90, the new S90 ensures we have a complete and attractive offering for customers who value safety and want to drive a large, sleek Volvo sedan.”

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Invoking the electric-only ES90 EV is a key point here – and Volvo is pushing its marketing heavily into the idea that the PHEV version(s) of the face-lifted luxo-cruiser is “really” an EV, with press copy that reads:

As a plug-in hybrid, the new S90 is an electric car with a back-up plan. It offers 80 kilometers of fully electric range on a single charge under the WLTP testing cycle, while also providing more power when needed. This means that many S90 drivers will be able to do their daily commute with zero tailpipe emissions. Volvo Cars’ data shows that nearly half of the distance covered by the latest plug-in hybrid Volvo cars is powered purely by electricity.

VOLVO CARS

There’s plenty to unpack there – not the least of which is whether or not the cars’ owners will ever actually plug them in. My personal experience with friends and neighbors who own T8/PHEV Volvos now would tell me that they’re more likely than, say, Jeep Wrangler 4xe owners to plug-in … but it hardly matters at this point.

The new S90 will be available to order for customers in China this summer, with selected other markets following later.

Check out some of the official press photos, below, then let us know whether or not you’ll miss seeing new S90s on English-speaking roads in the comments.

SOURCE | IMAGES: Volvo Cars.

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The messy middle, hybrid semis, and century old tech comes to trucking

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The messy middle, hybrid semis, and century old tech comes to trucking

On today’s fleet-focused episode of Quick Charge, we talk about a hot topic in today’s trucking industry called, “the messy middle,” explore some of the ways legacy truck brands are working to reduce fuel consumption and increase freight efficiency. PLUS: we’ve got ReVolt Motors’ CEO and founder Gus Gardner on-hand to tell us why he thinks his solution is better.

You know, for some people.

We’ve also got a look at the Kenworth Supertruck 2 concept truck, revisit the Revoy hybrid tandem trailer, and even plug a great article by CCJ’s Jeff Seger, who is asking some great questions over there. All this and more – enjoy!

Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple PodcastsSpotifyTuneIn, and our RSS feed for Overcast and other podcast players.

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New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.

Got news? Let us know!
Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show.


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Trump’s war on clean energy just killed $6B in red state projects

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Trump’s war on clean energy just killed B in red state projects

Thanks to Trump’s repeated executive order attacks on US clean energy policy, nearly $8 billion in investments and 16 new large-scale factories and other projects were cancelled, closed, or downsized in Q1 2025.

The $7.9 billion in investments withdrawn since January are more than three times the total investments cancelled over the previous 30 months, according to nonpartisan policy group E2’s latest Clean Economy Works monthly update. 

However, companies continue to invest in the US renewable sector. Businesses in March announced 10 projects worth more than $1.6 billion for new solar, EV, and grid and transmission equipment factories across six states. That includes Tesla’s plan to invest $200 million in a battery factory near Houston that’s expected to create at least 1,500 new jobs. Combined, the projects are expected to create at least 5,000 new permanent jobs if completed.

Michael Timberlake of E2 said, “Clean energy companies still want to invest in America, but uncertainty over Trump administration policies and the future of critical clean energy tax credits are taking a clear toll. If this self-inflicted and unnecessary market uncertainty continues, we’ll almost certainly see more projects paused, more construction halted, and more job opportunities disappear.”

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March’s 10 new projects bring the overall number of major clean energy projects tracked by E2 to 390 across 42 states and Puerto Rico. Companies have said they plan to invest more than $133 billion in these projects and hire 122,000 permanent workers.

Since Congress passed federal clean energy tax credits in August 2022, 34 clean energy projects have been cancelled, downsized, or shut down altogether, wiping out more than 15,000 jobs and scrapping $10 billion in planned investment, according to E2 and Atlas Public Policy.

However, in just the first three months of 2025, after Trump started rolling back clean energy policies, 13 projects were scrapped or scaled back, totaling more than $5 billion. That includes Bosch pulling the plug on its $200 million hydrogen fuel cell plant in South Carolina and Freyr Battery canceling its $2.5 billion battery factory in Georgia.

Republican-led districts have reaped the biggest rewards from Biden’s clean energy tax credits, but they’re also taking the biggest hits under Trump. So far, more than $6 billion in projects and over 10,000 jobs have been wiped out in GOP districts alone.

And the stakes are high. Through March, Republican districts have claimed 62% of all clean energy project announcements, 71% of the jobs, and a staggering 83% of the total investment.

A full map and list of announcements can be seen on E2’s website here. E2 says it will incorporate cancellation data in the coming weeks.

Read more: FREYR kills plans to build a $2.6 billion battery factory in Georgia


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