Global Electric Vehicle Market: Toyota, BYD Challenge Tesla’s Lead

The global car market is getting intense. Tesla’s Model Y is still the top seller worldwide for the second year in a row. But early 2025 numbers show a dip in sales, and people are wondering if Tesla can keep its lead.

Toyota is still going strong. It has three models in the top 10: Corolla, RAV4, and Camry. Corolla and RAV4 are super popular and sell almost as much as the Model Y. This shows Toyota’s strategy of mixing old and new tech is working.

BYD, a Chinese electric car brand, is rising fast. Its SUV, the BYD Song, comes in different versions: gas, plug-in hybrid, and electric. This helps BYD reach more customers and become popular in many markets. In Australia, the BYD Sealion 6 is the top-selling plug-in hybrid.

Tesla is responding to the competition with a new version of the Model Y, called “Juniper”. It has a fresh design, better tech, and more features. This is to keep its top spot and attract new customers.

Other brands like Ford, Honda, and Hyundai are also joining the top sellers list. They’re making new models, especially electric and hybrid cars, which are getting really popular.

The car market in 2024 shows that customers are winning. They get better tech, higher quality cars, and more options at prices they can afford. It’s exciting to see which brand will lead the global market next.

Here are the top 10 best-selling cars of 2024:

BrandCountryModelSales in 2024
TeslaUSAModel Y1,090,000
ToyotaJapanCorolla1,080,000
ToyotaJapanRAV41,020,000
FordUSAF-Series900,000
HondaJapanCR-V740,000
ChevroletUSASilverado640,000
HyundaiS. KoreaTucson610,000
ToyotaJapanCamry580,000
BYDChinaSong570,000
VolkswagenGermanyTiguan540,000

Source:

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