CleanTechnica•21 days ago
BYD’s at 20% Share of Cumulative Plugin Vehicle Sales!
- •BYD's achievement of a 20% cumulative global market share in plugin vehicles signals rapid EV adoption and a substantial, accelerating increase in future electricity demand.
- •This market consolidation by a major OEM like BYD indicates a sustained, long-term shift in transportation, creating significant opportunities for developers in generation, transmission, and charging infrastructure.
- •Large power consumers should anticipate growing grid strain from widespread EV adoption and consider strategies for fleet electrification, energy management, and potentially distributed generation to support increased EV loads.
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