BYD or Build Your Dreams has certainly been doing that. It pulled out of selling oil fueled cars at the beginning of 2022 which gave impetus to its electric and hybrid sales. The level of increase since is hard to comprehend but this is what happened.
In 2021 BEV and PHEV sales were 594,000 and oil fueled 136,000. For 2022 the former were up to 1.8 million, an astonishing 213% increase. 2023 and the total was 3 million, up 62%. The pace of increase is understandably slowing and so far in 2024 up to Q2, it's up 29% to 1.6 million units.
Below is shown BEV sales to the left and then combined with PHEV to the right covering two quarters of the year. I did them that way so that BEV sales could be compared with the likes of Tesla, a full BEV manufacturer.
Tesla has so far delivered 813,000 BEVs to BYD's 726,000. One difference in recent years is that while Tesla's volume is reasonably even through the calendar year, BYD increases through the year.. If that happens again this year then BYD will take over as the largest BEV manufacturer. Does that matter? Bragging rights I suppose.
Data source: BYD.
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