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Industry

BYD overtakes Tesla to top global BESS market in 2025

BYD ranked first in the global battery energy storage system (BESS) market in 2025, overtaking Tesla, according to a tally cited by Electrek. BYD held a 13 percent market share versus Tesla’s 10 percent. BYD shipped more than 60 GWh during the year, while Tesla deployed 46.7 GWh. Chinese companies dominated the top ranks, and global installations rose to about 315 GWh, up 51 percent from a year earlier.

Mobility

Surging fuel prices boost global EV sales but U.S. supply constraints limit growth

Rising gasoline prices are lifting electric vehicle sales globally, but concerns are growing that the United States could fall behind because supply is not keeping pace. Europe set monthly records in March for EV and plug-in hybrid sales, with growth also continuing in Asia and Australia. Analysts cite high oil prices and ample Chinese EV supply as key drivers in parts of Asia. In the United States, demand indicators are improving, but fewer models and cancellations are constraining supply.