Tesla lost its title as the world’s top electric vehicle maker in 2025, as Chinese automaker BYD sold a record 2.26 million EVs compared with Tesla’s 1.64 million.
Tesla’s full-year sales fell more than 8% from 2024, with Q4 deliveries also missing analyst expectations.
The decline was partly due to the end of the $7,500 U.S. EV tax credit and slowing demand in key markets, compounded by rising competition from BYD and other global EV makers.
BYD, which dominates China’s new energy vehicle market, is now expanding overseas to Southeast Asia, Europe, and the Middle East.
Analysts noted that Tesla faces challenges in Europe and China, but sales in smaller and emerging markets could help offset the declines.
Source: PhilNews24 | January 4, 2026
BYD OVERTAKES TESLA AS TOP EV SELLER IN 2025
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