How BYD’s Explosive Growth is Reshaping the Global EV Market

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, reports from New York City on the rapid ascent of BYD as the dominant player in the global EV market. BYD’s earnings have doubled to reach billions of dollars, posing a major challenge to companies like Tesla. McIntyre explains that while EV adoption outside China remains modest, BYD’s competitive pricing and expanding international presence position it to capitalize heavily as demand grows. Despite current tariff barriers in the U.S. and EU, consumer demand for affordable, high-quality EVs is likely to break down these restrictions over time.