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BYD is seeing a flood of new EV buyers

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Re: BYD is seeing a flood of new EV buyers

#21

Post by bdcravens »

PedroBatista wrote: post #10

I'm sorry to be that guy, but can we reintroduce a good dose of skepticism in our mental diets? BYD was already selling a ton of cars when the oil prices were "low", of course there's some very creative accounting business moves you would expect from a Chinese company like BYD ( companies from other places have their own peculiarities too ). Gas prices have been "sky high" for a week and people who are under financia…

Very true. It's not like EV owners were feeling regret when gas hit the (mythical ) $2/gallon. Honestly, while it's fun to know I've "saved" $5k or so in gas costs during the 4 years I've owned my EV, if saving money was my only goal, I would have paid cash for a slightly used efficient four cylinder gas car.

Re: BYD is seeing a flood of new EV buyers

#22

Post by emestifs »

rtkwe wrote: post #6

It's funny to see these gas prices spike as companies are announcing they're killing their EV models here in the US.

I thought the same thing. Incredibly short term thinking at the corporate and government level to flip flop. Meanwhile Norway is now 97% EV sales and covered in chargers north to south. Not to mention China's fierce EV market domestically.

Re: BYD is seeing a flood of new EV buyers

#23

Post by ericjmorey »

toomuchtodo wrote: post #5
jrjeksjd8d wrote: post #3

I finally put my money where my mouth is and bought a PHEV. In the past month I've done all my errands around town exclusively on battery power (30-40 miles per charge) from a home L1 charger. I know EV purists will complain about the complexity of maintaining the gas engine, but this hits the perfect sweet spot for me - it doesn't weigh a million tons, it cost under 40k new, and the one weekend a month when I need t…

The problem with PHEVs is the data shows that, at scale, consumers typically use them in ICE mode vs EV mode. Its great it works for you, and hopefully BEVs kill the need for PHEVs in the next few years as the technology continues to rapidly improve around charge rate ( Plug-in hybrids use three times more fuel than manufacturers claim, analysis finds - https://www.theguardian.com/environment/2026/feb/18/plug-in-...…

Who is this a problem for?

Re: BYD is seeing a flood of new EV buyers

#24

Post by nico »

toomuchtodo wrote: post #5
jrjeksjd8d wrote: post #3

I finally put my money where my mouth is and bought a PHEV. In the past month I've done all my errands around town exclusively on battery power (30-40 miles per charge) from a home L1 charger. I know EV purists will complain about the complexity of maintaining the gas engine, but this hits the perfect sweet spot for me - it doesn't weigh a million tons, it cost under 40k new, and the one weekend a month when I need t…

The problem with PHEVs is the data shows that, at scale, consumers typically use them in ICE mode vs EV mode. Its great it works for you, and hopefully BEVs kill the need for PHEVs in the next few years as the technology continues to rapidly improve around charge rate ( Plug-in hybrids use three times more fuel than manufacturers claim, analysis finds - https://www.theguardian.com/environment/2026/feb/18/plug-in-...…

> Plug-in hybrids use three times more fuel than manufacturers claim, analysis finds > three times more fuel than manufacturers claim

But in the article:

> Porsche hybrids consumed more fuel – around seven litres per 100km – than other PHEVs when the electric motor kicks in, and significantly more than non-PHEVs in combustion engine mode.

> The lowest fuel consumption levels were found in the cheaper end of the PHEV market, in Kia, Toyota, Ford and Renault vehicles, which often used under one litre per 100km, or as much as 85% less fuel than the Porsche.

So it seems like they are putting all cars in the same bucket based on the worst performing one: Porsche. Pretty misleading

Also, even if the claim applied to all cars, for a Chrysler Pacifica PHEV for example, instead of 82 MPGe (32 mi electric-only range), you'd get ~39.2 mpg (using 6 L/100 km, the figure from the article), which is still better than a Toyota Sienna hybrid at 36 mpg, and way better than a Honda Odyssey at 22 mpg (gas only)

Re: BYD is seeing a flood of new EV buyers

#25

Post by 0cf8612b2e1e »

toomuchtodo wrote: post #5
jrjeksjd8d wrote: post #3

I finally put my money where my mouth is and bought a PHEV. In the past month I've done all my errands around town exclusively on battery power (30-40 miles per charge) from a home L1 charger. I know EV purists will complain about the complexity of maintaining the gas engine, but this hits the perfect sweet spot for me - it doesn't weigh a million tons, it cost under 40k new, and the one weekend a month when I need t…

The problem with PHEVs is the data shows that, at scale, consumers typically use them in ICE mode vs EV mode. Its great it works for you, and hopefully BEVs kill the need for PHEVs in the next few years as the technology continues to rapidly improve around charge rate ( Plug-in hybrids use three times more fuel than manufacturers claim, analysis finds - https://www.theguardian.com/environment/2026/feb/18/plug-in-...…

That seems like cherry picking the offenders to invalidate the entire class of vehicles.

  …Porsche hybrids consumed more fuel – around seven litres per 100km – than other PHEVs when the electric motor kicks in, and significantly more than non-PHEVs in combustion engine mode. The lowest fuel consumption levels were found in the cheaper end of the PHEV market, in Kia, Toyota, Ford and Renault vehicles, which often used under one litre per 100km, or as much as 85% less fuel than the Porsche.
If I am buying a PHEV, I am not getting a Porsche or BMW.

Re: BYD is seeing a flood of new EV buyers

#26

Post by toomuchtodo »

ericjmorey wrote: post #23
toomuchtodo wrote: post #5

Earlier quoted context omitted.

The problem with PHEVs is the data shows that, at scale, consumers typically use them in ICE mode vs EV mode. Its great it works for you, and hopefully BEVs kill the need for PHEVs in the next few years as the technology continues to rapidly improve around charge rate ( Plug-in hybrids use three times more fuel than manufacturers claim, analysis finds - https://www.theguardian.com/environment/2026/feb/18/plug-in-...…

Who is this a problem for?

People taking action against climate change and CO2 emissions. Policymakers, etc. You wouldn't want to subsidize PHEVs in any fashion if they weren't contributing to the targeted outcome of reduced CO2 emissions or fossil fuel consumption.

Re: BYD is seeing a flood of new EV buyers

#27

Post by tlogan »

rtkwe wrote: post #6

It's funny to see these gas prices spike as companies are announcing they're killing their EV models here in the US.

The problem with many of these EVs is that they were way too expensive. The main reason companies were producing them is due to regulatory requirements and how emissions standards are calculated, not necessarily because wanted to sell these EVs.

What we really need are incentives for companies to build more affordable EVs. California could play a role here, but given the strong opinions we have about Elon Musk, nothing will be done.

Re: BYD is seeing a flood of new EV buyers

#28

Post by decimalenough »

toomuchtodo wrote: post #8
decimalenough wrote: post #4

> While Asia, particularly Southeast Asian countries like Thailand and the Philippines, has higher EV adoption rates than those of the US and Europe, at around 40%, they are still hit hard by rising oil prices. That figure is highly misleading. Yes, 48% of new vehicle sales in Thailand are now EVs, but their share of total vehicles on the road is much smaller: I can't find recent figures, but it'll be far less than 1…

New sales are the leading indicator to total fleet composition turnover. As oil prices stay high into the future, and monthly sales of EVs continues to increase, it speeds fleet turnover from combustion to EVs. Ember Energy: ASEAN emerges as a new leader in global EV adoption - https://ember-energy.org/latest-updates/asean-emerges-as-a-n... - December 16th, 2025 You can see how this looks over a longer term using Nor…

So much data, but they're missing the total share of EVs on the road, and on that figure Norway is still only a third of the way to 100%:

https://ourworldindata.org/data-insights/one-third-of-cars-o...

And Norway is a "best case" as a wealthy country where people turn over their cars pretty quickly. The Philippines is at the opposite end of the spectrum.

Re: BYD is seeing a flood of new EV buyers

#29

Post by bawolff »

It seems really unlikely to me that 2 weeks worth of high oil prices is anything more than a rounding error in BYD's years (decade?) long bet on electric cars.

Even if they tripled their sales for the last two weeks, it wouldn't be relavent to if their bet will ultimately pay off.

Re: BYD is seeing a flood of new EV buyers

#30

Post by toomuchtodo »

decimalenough wrote: post #28
toomuchtodo wrote: post #8

Earlier quoted context omitted.

New sales are the leading indicator to total fleet composition turnover. As oil prices stay high into the future, and monthly sales of EVs continues to increase, it speeds fleet turnover from combustion to EVs. Ember Energy: ASEAN emerges as a new leader in global EV adoption - https://ember-energy.org/latest-updates/asean-emerges-as-a-n... - December 16th, 2025 You can see how this looks over a longer term using Nor…

So much data, but they're missing the total share of EVs on the road, and on that figure Norway is still only a third of the way to 100%: https://ourworldindata.org/data-insights/one-third-of-cars-o... And Norway is a "best case" as a wealthy country where people turn over their cars pretty quickly. The Philippines is at the opposite end of the spectrum.

Certainly, it's going to take time, but peak global combustion vehicle sales are long behind us (2017). Global fleet will turn over to EVs eventually, we're just arguing time horizon based on how quickly EV deployment ramps and combustion sales are destroyed. Combustion vehicle sales will only keep declining. Developing countries will soak up cheap EVs made by China, they will skip over combustion vehicles with higher total cost of ownership. Combustion vehicles will age out eventually as EV sales continue to increase.

> Globally, over 1-in-5 (22%) of new cars sold were electric in 2024. This share was 92% in Norway, and in China, it was almost 50%.

In 2025, it was 1-in-4 (25%). What will expensive oil do? It will pull these trajectories more vertical.

Global oil price stuck in triple digits. Goldman Sachs says it may stay there for years - https://www.cnn.com/2026/03/20/energy/oil-gas-prices-intl-hn... - March 20th, 2026

Our World In Data: Tracking global data on electric vehicles - https://ourworldindata.org/electric-car-sales

Ember Energy: China Cleantech Exports Data Explorer - https://ember-energy.org/data/china-cleantech-exports-data-e...

The World Hit ‘Peak’ Gas-Powered Vehicle Sales — in 2017 - https://www.bloomberg.com/news/articles/2024-01-30/world-hit... | https://archive.today/p2hl1 - January 30th, 2024

Electric Cars Pass a Crucial Tipping Point in 23 Countries - https://www.bloomberg.com/news/articles/2023-08-28/electric-... | https://archive.today/e8XSt - August 27th, 2023

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