BYD is already seeing a flood of new EV buyers as gas and oil prices surge amid rising tensions in the Middle East. BYD’s bet on EVs is paying off Since it stopped building vehicles powered solely by internal combustion engines (ICEs) in 2022, BYD has become the world’s largest EV maker. The Chinese automaker ranked sixth in global sales in 2025, surpassing Ford for the first time, with over 4.6 million electric and plug-in hybrid vehicles sold. While sales growth has slowed over the past few mo...