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BYD Predicts 80% of China's Car Sales Will Soon Be Electric
CNBC·Thursday, 11 June 2026
Chinese electric vehicle giant BYD said it expects China's EV market to keep growing, even as manufacturers and analysts expect domestic demand to slow. BYD is forecasting that four out of every five cars sold in China will be electric in the near future. The company made the prediction despite an already fiercely competitive domestic market.
Why It Matters
BYD's ambitions matter globally because it is one of the world's largest EV makers, and its predictions about China's market shape expectations for EV adoption everywhere, including India.
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