Electric vehicle (EV) sales have reached a major milestone as the ongoing oil shock drives demand for battery-electric vehicles (BEVs). According to the latest sales data, BEVs now account for a staggering 9 out of the top 10 best-selling vehicles globally, with Chinese brands making a significant impact on the market. Notably, Chinese manufacturers such as BYD and Geely-owned Volvo have surpassed Tesla in sales, signaling a shift in the EV landscape. As the world grapples with rising energy costs and environmental concerns, the dominance of BEVs in the market is set to continue, with experts predicting a seismic shift in the automotive industry.
Oil shock fuels BEVs to 9 of top 10 in sales, with China brands overtaking Tesla South China Morning Post
