Re:BYD overtakes Tesla's electric car sales in last quarter ...
by rsynnott on Tuesday January 02, 2024 @01:11PM
(#38844814)
I’m not sure why you’d expect anyone to ‘win’? That’s not really how these sorts of markets tend to work. IIRC, currently VW Group, Tesla, BYD, Hyundai and Stellantis have 10-15% each of the European market (VW has a small lead, but it’s a couple percent); there’s no particular reason to think that any one will take over.
Tesla’s about half the US market, BYD’s 35% of the Chinese one. If anything, you’d expect that Tesla’s current US market dominance is more a function of the relative immaturity of the US market than anything else; for various reasons it got mainstream-appropriate electric cars somewhat later than Europe and China, and the US market is the smallest of the big three, though it’s catching up. It would be reasonable to expect the US market to trend more like the European one over time; a bunch of companies with smaller shares of a larger market.
Tesla’s about half the US market, BYD’s 35% of the Chinese one. If anything, you’d expect that Tesla’s current US market dominance is more a function of the relative immaturity of the US market than anything else; for various reasons it got mainstream-appropriate electric cars somewhat later than Europe and China, and the US market is the smallest of the big three, though it’s catching up. It would be reasonable to expect the US market to trend more like the European one over time; a bunch of companies with smaller shares of a larger market.