In January, its sales across Europe fell 45%, from 18,161 in 2024 to 9,945. Volkswagen reported a 180% increase in sales of battery electric vehicles to just under 20,000, while BMW and Mini sold a combined 19,000 such models last month. The Chinese-owned BYD recorded a 94% increase in sales in Europe to more than 4,000. Tesla reported annual revenues of $97.7bn last year. BYD also sells about the same number of electric vehicles as Tesla – 1.76m compared with 1.79m respectively in 2024.

Source: The Guardian March 25, 2025 02:46 UTC