Overview
- BYD reported 2.26 million battery‑electric vehicle sales in 2025 versus Tesla’s 1.64 million, confirming a shift in global leadership.
- Including plug‑in hybrids, BYD’s total 2025 deliveries reached about 4.6 million, reflecting a broad product mix and vertical integration.
- Tesla’s deliveries fell 8–8.6% year over year to 1.64 million, with Q4 at 418,227 units, down about 16% versus a year earlier as U.S. tax credits expired.
- Governments kept steep tariffs on Chinese EVs (US/Canada above 100%, EU up to 45.3%), and Chinese brands moved to localize production or export from nearby sites such as Hungary, Spain and Turkey.
- Italy’s market slipped 2.1% in 2025 to roughly 1.526 million registrations, while full‑electric registrations rose 46% to 94,230 (6.2% share), and BYD reached 3.1% share in December with 25,226 annual registrations (~1.5% share).