CleanTechnica•17 days ago
BYD & Tesla Combine for 30% of Cumulative BEV Sales Globally
Key Takeaway
The combined dominance of BYD and Tesla in global BEV sales underscores the accelerating electrification of transportation, which will be a primary driver of future electricity demand growth and require significant investment in grid infrastructure and generation capacity.
AI Summary
- •BYD and Tesla collectively account for 30% of all cumulative Battery Electric Vehicle (BEV) sales globally, highlighting their dominant market position in the accelerating EV transition.
- •This significant market share indicates a rapid shift towards electric transportation, which will drive substantial increases in electricity demand for charging infrastructure and grid services.
- •Developers and large power consumers should anticipate growing demand for grid capacity, potentially influencing power purchase agreements (PPAs) and necessitating proactive investments in grid infrastructure and new generation to support widespread EV adoption.
- •The continued growth of BEV sales will place increasing pressure on existing electrical grids, requiring upgrades to transmission and distribution networks, and potentially large-scale battery storage solutions to manage demand fluctuations.
Topics
datacenteremissionsoemppastoragetransmission
Article Content
Following up on the article I wrote a few days ago about BYD having 20% of cumulative plugin vehicle sales globally and Tesla having 12% of cumulative plugin vehicle sales, I wanted to figure out the same kind of figures for fully electric vehicle (BEV) sales. Naturally, I had to ... [continued] The post BYD & Tesla Combine for 30% of Cumulative BEV Sales Globally appeared first on CleanTechnica .