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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
SAN FRANCISCO, Jan. 2 (Xinhua) — U.S. electric vehicle (EV) maker Tesla said on Friday its global shipments fell about 8.6 percent year-on-year in 2025, losing ground to Chinese automaker BYD in annual sales for the first time.
Tesla is projected to produce 1.655 million electric vehicles and deliver 1.636 million in 2025, down from 1.773 million produced and 1.789 million delivered in 2024, according to the company.
The biggest impact on sales was the repeal in September 2025 of tax credits that encouraged American consumers to buy electric vehicles.
In the fourth quarter of 2025, Tesla produced 434,358 vehicles and delivered 418,227, down from 459,445 produced and 495,570 sold in the same period a year earlier. Deliveries in the fourth quarter fell by approximately 16 percent year-over-year.
BYD said Thursday that its global electric vehicle sales will reach 2.257 million units in 2025, up 27.86 percent from a year earlier, with a growing share of sales coming from markets outside China, including Asia, Europe and Latin America.
Tesla currently remains the largest electric vehicle manufacturer in the United States, accounting for approximately 45% of the domestic EV market. However, the company's declining sales volume points to a broader slowdown in the American EV market.
According to statistics from automotive research firm Cox Automotive, sales of electric vehicles of all brands in the US fell by more than 40 percent year-on-year in November 2025.
Industry analysts expect electric vehicle sales in the U.S. to remain subdued through 2026. –0–
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