Legacy carmakers are caught on the back foot, for sure, but EV technology is still so early in its modern incarnation that I wouldn't count them out quite yet. In significant, non-urban markets, gas/hybrid is still the dominant technology.
Not to mention: BYD car sales are substantially subsidized as part of China's own push for energy independence. The prices you see in these articles are often Chinese market prices, translated to USD - they're mis-representative.
Don't get me wrong, they are going to give legacy carmakers stiff competition, but these headlines often gloss over critical details.
Not to mention: BYD car sales are substantially subsidized as part of China's own push for energy independence. The prices you see in these articles are often Chinese market prices, translated to USD - they're mis-representative.
Don't get me wrong, they are going to give legacy carmakers stiff competition, but these headlines often gloss over critical details.