While most of the world's largest automakers dragged their feet in recognizing that the auto industry was about to go through a major transition, BYD (OTCBB: BYDDY), along with most of the automakers in China embraced the future. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
The Auto Market Is Dying — Here's How to Cash In
The Auto Market Is Dying — Here's How to Cash In BYD stock is unstoppable. Or at least it will be for a very long time. And the reason is simple... 
While most of the world's largest automakers dragged their feet in recognizing that the auto industry was about to go through a major transition, BYD (OTCBB: BYDDY), along with most of the automakers in China embraced the future. Instead of vilifying it. And when I speak of the future, I’m speaking about the transition from internal combustion to vehicle electrification. A transition that began around 15 years ago. And a transition that will become quite apparent by the end of the decade, when around 40% of all new cars sold across the globe will be electric.
To put this in perspective, back in 2015, less than 1% of all new cars sold were electric. In 2024, 21% of global car sales were electric. And because it bears repeating, by the end of this decade, that number will clock in at around 40%.
Meanwhile, sales of new internal combustion vehicles actually peaked in 2018... >>> Read the full article here. Share on Twitter You signed up for our newsletter with the email indra21poetra@gmail.com.
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