EV Daily | BYD Surpasses Tesla in Q4 EV Sales as Cybertruck Gains U.S. Tax Credit Amid Production Issues

【Tesla】

Tesla reported Q4 2024 production and delivery results, producing 459,445 cars and delivering 495,570, missing expectations but setting a new quarterly delivery record. The stock dropped 3% post-announcement. Tesla's energy storage deployment reached a record 11 GWh. The Cybertruck, facing demand issues, now qualifies for a $7,500 U.S. tax credit, potentially boosting sales temporarily despite a challenging market and production issues, including a battery "cell dent" problem. A Cybertruck fire incident in Georgia is under investigation, but not yet linked to the battery issue.

【BYD】

BYD sold 595,413 EVs in Q4 2024, surpassing Tesla's 495,570, but Tesla maintained the global EV sales lead for the year. BYD's Dolphin competes in China with VW's ID.3. BYD sold a record 4.27 million NEVs in 2024, up 41% year-over-year, with plans for further growth in 2025, including overseas expansion. BYD produced more EVs than Tesla last year, signaling intensified competition.

【Others】

Volkswagen's ID.3 tops China’s EV market, with SAIC-VW selling over 130,000 ID cars in 2024. Norway's EV sales hit 88.9% of new cars in 2024, reflecting robust adoption despite reduced incentives. Puerto Rico faces power grid challenges; Convergent Energy plans new solar and battery projects. DHL tested autonomous electric vehicles at Heathrow. Hyundai launched the Creta EV in India, with a range up to 293 miles, plus new 2025 IONIQ 5 and IONIQ 9 qualifying for U.S. tax credits. California enacts stricter e-bike regulations. Rivian's electric vans hit 20,000 deliveries for Amazon, reflecting growing EV logistics integration.