BYD Predicts That EV Sales Could Soon Claim 80% Share in China
China's electric vehicle market continues to grow at an impressive pace, and one of the country's biggest automakers believes the industry still has plenty of room to expand. BYD, the leading electric vehicle manufacturer in China, recently predicted that electric and hybrid vehicles could soon account for nearly 80% of all new car sales in the country. The forecast highlights the company's confidence in the future of electric transportation despite concerns from some industry experts about slowing growth. According to BYD Executive Vice President Stella Li, advances in technology are helping drive more consumers toward electric vehicles. China has already become the world's largest EV…