Tesla set to lose electric vehicle sales crown to BYD

BYD’s reign however may be short-lived as punitive US and European Union tariffs limit the Chinese automaker’s growth opportunities to Asia and emerging markets. — Bloomberg

NEW YORK: BYD Co may eclipse Tesla Inc in annual electric vehicle (EV) sales this year as demand surges in China but stalls in the United States and Europe, according to Bloomberg Intelligence (BI).

That’s a shift from January when BI said it expected Tesla to stay ahead of BYD through the end of the decade.