Cheaper EVs Sales are Increasing

BYD sold 616,263 vehicles overseas in the first five months of 2026, a 80% increase from May 2025. Sales rose 19% from April's record of 135,098 units. BYD surpassed Tesla and Kia in the UK to become the top EV brand through April. In May, overseas sales made up over 41% of BYD's total sales. Hyundai's under-$35,000 IONIQ 5 sold 18,395 units, up 16% from the same period last year.