Overview

• Chinese automakers now sell over 11 million electric vehicles annually, accounting for more than half of global EV sales.
• BYD overtook Tesla in 2024 battery electric vehicle deliveries with a 25% jump in BEV sales and a 47% rise in combined BEV and PHEV volumes.
• Geely and SAIC each reached a 50% EV sales share in domestic markets, hitting their 2025 targets a year ahead of schedule.
• China-based carmakers occupy five of the top six positions in EV sales share and lead zero-emission vehicle class coverage, according to ICCT data.
• US and European automakers are struggling to close the gap amid slower technology advancements and challenging regulatory environments.