Those reporting BYD overtook Tesla as top global electric vehicle maker are wrong
In the past few weeks, major news outlets have reported that Chinese automotive giant BYD has overtaken Tesla as the world’s largest seller of electric vehicles. While it may be true that BYD has usurped Tesla to sell more electric vehicles or generate more revenue, the idea that either is the largest EV seller in the world completely ignores a company that sells more EVs each year than both Tesla and BYD combined.
Those EVs just have half the wheels.
I’m talking, of course, about the real global leader in electric vehicle sales: Yadea, a company that builds electric two-wheelers and three-wheelers, outselling by a long shot Tesla and BYD combined.
Of course part of this argument is semantical, and it also depends on how you definite the world’s largest seller. Many recent articles about BYD overtaking Tesla refer to BYD’s 2024 annual revenue, which eclipsed Tesla’s for the same period. To be fair, that feat is even more impressive considering Tesla enjoys a relatively large sales volume in BYD’s domestic market of China, whereas BYD is prevented from selling in Tesla’s domestic market of the US, one of the largest global automotive markets.
While Yadea can’t compete with overall revenue due to its vehicles being much more affordable, that’s kind of the point. Yadea sells as many EVs in a quarter as Tesla and BYD do in a year, and for much more affordable prices.
In fact, Yadea’s recent announcement of surpassing 100 million cumulative electric two-wheelers sold globally puts both automakers’ figures in perspective. On an annual basis, Yadea consistently sells more than 6-8 million electric scooters, bicycles, and motorcycles, comfortably surpassing the combined annual sales of Tesla and BYD.
Why, then, does the media often ignore Yadea when crowning the king of EV sales? Simply put, there’s still an automotive bias that sees cars as “real” vehicles and treats two-wheelers as a side note. It’s understandable, and even my own well-meaning colleagues here at Electrek can occasionally be guilty of it. But this attitude misses an essential point: For millions of people worldwide, especially in densely populated urban centers throughout Asia and increasingly in Europe and North America, an electric scooter or bicycle isn’t just a real vehicle – it’s often the most sensible, efficient, and affordable choice.
Two-wheeled electric vehicles offer numerous practical advantages over cars. They’re dramatically more energy-efficient, cheaper to buy, cheaper to run, easier to maintain, and fit seamlessly into urban lifestyles where space is limited and traffic congestion is the norm. Electric scooters and bikes aren’t just vehicles; they’re solutions to pressing urban issues like air pollution, traffic congestion, and affordability. Most young urban commuters can’t afford a new Tesla, nor can they charge its battery in the living room of their fifth-floor apartment. But a typical e-bike or e-scooter solves both of those problems, bringing affordability and convenience to the electric vehicle market.
Moreover, Yadea reaching the incredible milestone of 100 million electric vehicle sales highlights the sheer scale and impact of electric two-wheelers globally. And that’s just one company. For comparison, Tesla recently celebrated surpassing just over 7 million total vehicles, and BYD, despite its rapid growth, is still far behind Yadea in cumulative units delivered.
The takeaway here is clear: Let’s not get caught up in automotive tunnel vision. If we truly care about electrification and sustainability, it’s vital to recognize that the global electric vehicle market is bigger – and more diverse – than cars alone. Companies like Yadea aren’t just quietly outselling Tesla and BYD; they’re providing practical mobility solutions that might just be the “better” electric vehicles that millions of people actually need.
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The new and improved Hyundai IONIQ 5, or the hot-selling Chevy Equinox EV? Which electric SUV makes the smarter lease? Here’s the rundown.
Over 607,000 electric vehicles were sold in the US in the first half of 2025, thanks to some big discounts. Many automakers are currently offering generous savings, as Trump’s “One Big Beautiful Bill” is set to end federal EV incentives at the end of September.
According to Cox Automotive’s latest EV Market Monitor report, EV incentives reached a record of nearly $8,500 in June, or about 15% off the average transaction price (ATP).
That’s more than double the incentives offered on gas-powered vehicles. Seven electric vehicles had an ATP below $40,000, including the Chevy Equinox EV. The Equinox EV was the top-selling EV in the price range.
Starting at just $34,995, GM calls it “America’s most affordable 315+ range EV.” The electric Equinox has already propelled Chevy to become the number two EV brand in the US behind Tesla.
Through the first half of the year, the Chevy Equinox EV accounted for nearly a third of GM’s electric vehicle sales. And it could have sold even more. A dealer in California reached out to Electrek, claiming they had to wait over a month to receive Equinox EV models. It’s now on track to be among the top three selling EVs in the US.
Which EV to lease: Chevy Equinox EV or Hyundai IONIQ 5
With leases starting at just $289 per month, it’s no wonder the electric SUV is flying off the lot. The offer is for 24 months with $3,909 due at signing.
Alternatively, you can opt for 0% APR financing for 60 months, which Chevy is offering on all 2025 electric vehicle models.
| 2025 Chevy Equinox EV trim | Starting Price | EPA-estimated Range | Monthly lease Price (July 2025) |
| LT FWD | $34,995 | 319 miles | $289 |
| LT AWD | $40,295 | 307 miles | $351 |
| RS FWD | $45,790 | 319 miles | $416 |
| RS AWD | $49,090 | 307 miles | $453 |
The base 2025 Chevy Equinox EV LT starts at $34,995 with up to 319 miles of range. The interior boasts up to 57.2 cu ft of space and a 17.7″ infotainment screen.
How does it compare to the IONIQ 5? Hyundai has upgraded its best-selling electric SUV with major improvements, including increased range (now up to 318 miles), a revamped interior and exterior, and a built-in NACS port to access Tesla Superchargers.
After cutting lease prices again this month, the 2025 Hyundai IONIQ 5 is currently listed at just $179 per month.
However, that’s for the base SE mode, which has an EPA-estimated driving range of 245 miles. The longer-range IONIQ 5 SE RWD, with 318 miles range, can still be leased for just $199 per month right now. Both offers are for 24 months with $3,999 due at signing.
| 2025 Hyundai IONIQ 5 Trim | EV Powertrain | Driving Range (miles) | Starting Price* | Monthly lease price July 2025 |
| IONIQ 5 SE RWD Standard Range | 168-horsepower rear motor | 245 | $42,500 | $179 |
| IONIQ 5 SE RWD | 225-horsepower rear motor | 318 | $46,550 | $199 |
| IONIQ 5 SEL RWD | 225-horsepower rear motor | 318 | $49,500 | $209 |
| IONIQ 5 Limited RWD | 225-horsepower rear motor | 318 | $54,200 | $309 |
| IONIQ 5 SE Dual Motor AWD | 320-horsepower dual motor | 290 | $50,050 | $249 |
| IONIQ 5 SEL Dual Motor AWD | 320-horsepower dual motor | 290 | $53,000 | $259 |
| IONIQ 5 XRT Dual Motor AWD | 320 horsepower dual motor | 259 | $55,400 | $359 |
| IONIQ 5 Limited Dual Motor AWD | 320-horsepower dual motor | 269 | $58,100 | $299 |
Hyundai is also throwing in a complimentary ChargePoint Level 2 home charger with the purchase or lease of a new 2025 IONIQ 5. All IONIQ 5 trims are listed with 1.99% APR financing for up to 60 months.
The 2025 Hyundai IONIQ 5 offers up to 59.3 cu ft of cargo space with a dual 12.3″ driver display and infotainment system setup.
Both the Hyundai IONIQ 5 and Chevy Equinox EV are hard to pass up right now, with lease prices expected to be as low as they will ever be.
Looking to snag the savings while they last? You can use our links below to find offers on the Chevy Equinox EV and Hyundai IONIQ 5 near you.
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Volkswagen’s ID.3 just got a gold star from the folks at ADAC, Europe’s largest automobile club. After four years of pushing the all-electric hatchback to its limits in a long-term endurance test, the VW ID.3’s battery still held 91% of its original capacity – a big win for EV durability.
Engineers at ADAC’s Test and Technology Centre in Landsberg am Lech, Germany, put the ID.3 Pro S through its paces, clocking over 160,000 kilometers (roughly 99,400 miles). That’s the full length of VW’s battery warranty – eight years or 160,000 km – and the car came out swinging.
The ID.3 Pro S is equipped with a 77 kWh net-capacity battery. Volkswagen guarantees that its ID. models will keep at least 70% of their original net battery capacity by the end of the warranty period. After the test, the ID.3 beat that benchmark by a long shot.
The ADAC didn’t baby this car, either. Over 40% of the charging was done using DC fast chargers, and the vehicle was frequently left at 100% charge between test drives, sometimes for days at a time. (That’s a no-no for battery longevity, but it’s precisely why this test matters.)
Engineers kept a close eye on the ID.3’s battery health between drives. They also regularly updated the vehicle software, including installing Volkswagen’s EV Route Planner, which calculates optimal charging stops using real-time traffic and charge level data. One major update even bumped up the charging rate to 170 kW.
The software upgrades didn’t just improve charging – they helped boost efficiency too, especially over short distances and during chilly winter temps (0–5C/32–41F).
Beyond battery life, the VW ID.3 also scored high marks for build quality. Even after all those kilometers, ADAC said the chassis, suspension, steering, and body were still in solid shape – no significant wear or issues.
ADAC’s big piece of advice is to keep your software up to date. That made a noticeable difference in range and driving experience over the four-year test.
Martin Sander, a Volkswagen board of management member responsible for sales, marketing and after sales, says the results show its ID. line (including the US-made ID.4s) is built to last. “A high battery capacity of over 90% after 160,000 kilometers confirms our ID. models are also very attractive as used cars and continue to meet the requirements of our customers.”
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In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss Tesla announcing new Model 3 and Model Y variants, the robotaxi expansion wars, big Lucid news, and more
The show is live every Friday at 4 p.m. ET on Electrek’s YouTube channel.
As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in.
After the show ends at around 5 p.m. ET, the video will be archived on YouTube and the audio on all your favorite podcast apps:
We now have a Patreon if you want to help us avoid more ads and invest more in our content. We have some awesome gifts for our Patreons and more coming.
Here are a few of the articles that we will discuss during the podcast:
Here’s the live stream for today’s episode starting at 4:00 p.m. ET (or the video after 5 p.m. ET:
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