China’s BYD has overtaken Tesla to become the world’s top electric vehicle maker, as the US automaker recorded a second consecutive year of declining annual sales. Intensifying competition, the expiration of US tax incentives, and pressure on Tesla’s brand weighed on demand. Global electric vehicle sales rose about 28% last year, creating room for rivals […]
EV market
BYD set to overtake Tesla in global EV sales
SHENZHEN: China’s electric vehicle giant BYD is on track to surpass Tesla as the world’s largest EV seller in 2025, marking a major shift in the global auto industry as competition intensifies and market dynamics change. Read More: Chinese giant BYD partners with HUBCO to introduce EVs in Pakistan Both companies are expected to release their final […]
Cost, financing remain hurdles for EV market: experts
The Electric Vehicle (EV) market in Pakistan appears promising; however, cost and financing remain major hurdles, and long-term, cost-efficient financing will be crucial to make EV ownership accessible and affordable for the general public. This consensus emerged during the third edition of the Electric Vehicle (EV) Conference held here on Sunday. The event, organized by […]