India, Feb. 11 -- In the global all-electric car registrations, Tesla and BYD together grabbed a 35.6 per cent market share, significantly up from 2022 when these two EV manufacturers grabbed a 30.8 per cent market stake. A study by EV-Volumes Data has revealed that Tesla was the top with more than 18 lakh units registered in 2023 grabbing 19.1 per cent of the BEV segment, up from 18.2 per cent in 2022. This reveals that the US-based electric car major was growing faster than the rest of the EV industry on average.

BYD was the second-best in the global EV industry by registering 1,570,388 units and a 16.5 per cent share in the BEV segment, up from 12.6 per cent in 2022. With this growth trajectory, BYD may surpass Tesla in 2024, just lik...