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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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Genesis GV90 coach door system revealed in new patent

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Genesis GV90 coach door system revealed in new patent

Genesis is preparing to shake things up with its most luxurious SUV yet, the GV90. Thanks to a new patent filing, we are getting a detailed look at how its Rolls-Royce-style coach doors will work.

New patent reveals Genesis GV90 coach door system

When Genesis first unveiled the full-size SUV at the NY Auto Show last March, it wasn’t the stunning design or advanced tech that caught everyone’s attention. It was the coach doors.

Although we were worried it wouldn’t make it to the production model, like many concepts, the Genesis GV90 will be offered with coach doors.

The ultra-luxe electric SUV was first caught with coach doors earlier this year on a car carrier in South Korea. Just last month, the GV90 was spotted in California with a hinge at the rear to open the coach doors.

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After several new patents were filed with the United States Patent and Trademark Office for new door latching devices, we are getting a sneak peek at how they are expected to work.

The patents, titled “Cinching Device For Door Latches in Vehicle,” and “Door Latch Device for Vehicles,” give a pretty detailed explanation of how the Genesis GV90’s coach doors will operate. The “Door Latch Device” uses a door striker on the lower side of the door, which is opened or closed by a hinge unit.

Unlike traditional doors, which use the B-pillar for support, the device is attached directly to the door itself, allowing for hinge-like movement.

The cinching device works in a similar way. It’s also attached to the door and part of the vehicle. However, unlike most of its kind, Genesis found a way to use a single cinching device to control multiple units. Again, the device is used for B-pillarless doors that swing open.

Genesis already said that B-pillarless coach doors are now feasible in production vehicles. The patent reveals a glimpse into how the luxury automaker could make it a reality.

Genesis-GV90-coach-doors
Genesis Neolun ultra-luxury electric SUV concept (Source: Genesis)

Although the Genesis GV90 is expected to be offered with coach doors, they will likely not be standard. Other variants, with traditional door handles, have also been spotted testing in the US and South Korea.

Genesis is expected to launch the GV90 in mid-2026. It will be built at Hyundai’s Ulsan plant in South Korea. The flagship Genesis SUV is scheduled to debut on Hyundai’s new eM platform, which the company said will “provide 50% improvement in driving range.” It will also be loaded with the latest technology, software, connectivity, and Level 3 or higher autonomous driving capabilities.

Source: USPTO

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Podcast: Tesla Model YL, more Tesla probes and lawsuits, new Nissan Leaf pricing, and more

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Podcast: Tesla Model YL, more Tesla probes and lawsuits, new Nissan Leaf pricing, and more

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 the launch of the Tesla Model YL, more Tesla probes and lawsuits, new Nissan Leaf pricing, 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:

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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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US EV sales stay strong, but looming tariffs threaten affordability

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US EV sales stay strong, but looming tariffs threaten affordability

July EV sales looked strong on the surface, but the looming impact of tariffs and the end of EV tax credits reveal a more complicated picture, according to Cars.com’s new Industry Insights report.

New-vehicle sales jumped 6.6% year-over-year, even as dealer inventory fell for the first time since 2022. Much of the spike came from a “buy now” mindset as shoppers raced to lock in deals before tariffs and policy changes drive prices higher. For EVs in particular, the looming end of the federal $7,500 tax credit on September 30 added another layer of urgency.

EV inventory growth is slowing – for now

Shoppers technically have more EV options than ever, with 75 models on the market – a 27% jump from last year. But new EV inventory growth has slowed to just 9% year-over-year, the lowest since before the Inflation Reduction Act revived federal incentives. Analysts expect another wave of buying before the tax credit vanishes, but after that, higher prices could cool demand, especially with most new EVs still priced in the premium-to-luxury bracket.

Tariffs set to push prices higher

Automakers absorbed an estimated $12 billion in tariff costs in the second quarter alone to keep sticker prices steady. That’s not sustainable, and once those costs flow into 2026 models, EV buyers could be facing thousands more on the same car.

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At current 25% tariff levels, the average new-vehicle price could jump from $48,000 to $54,400 – about $6,400 more. Even if trade deals trim tariffs to 15%, buyers would still see increases of more than $4,000. That’s a huge gap compared to household incomes, which grew only 1% last year.

The used EV market is heating up

While new EV prices are bracing for impact, the used EV market is gaining momentum. Inventory is up 33% year-over-year, while average prices dipped 2% to $36,000. Affordable used EVs under $25,000 – including the Tesla Model 3, Nissan Leaf, and Chevy Bolt EV – are selling 20% faster than average. Many also qualify for the $4,000 used-EV tax credit, which, like the new EV credit, ends September 30.

Read more: Global EV sales hit 10.7M in 2025 – Europe surges, US stalls


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