Rising BYD was the best selling EV maker in 2024
Best Selling legacy brand was BMW(!), in 5th, behind a rising #4 Geely
Looking at 2025, expect BYD to continue rising, Tesla to drop below the 10% mark, but retain the 2nd position, while Geely will go all out and try displace Wuling from the 3rd spot.
Considering the difference in firepower between both brands, not only regarding lineup, but also number of markets where both are present, it is likely that Geely will end the year in 3rd, this being the podium by the end of the year:
1. BYD
2. Tesla
3. Geely
A final note on Toyota, the legacy brand that most progressed in the top 20(!)
Comparing 2023 with 2024, the Japanese car maker jumped from #19 to #14, growing its market share by almost 50%(!), to 1.5%.
And with Toyota apparently being serious in making the new Urban Cruiser crossover a success, it should continue climbing in the table.
(Well, it was about time for Toyota to take the EV game seriously)
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