BYD overtakes Tesla as global EV leader amid slowing demand

NEW YORK CITY, New York: Tesla has surrendered its long-held position as the world's largest electric vehicle maker after a second straight year of falling sales, as intensifying competition and the end of U.S. tax incentives weighed on demand, allowing China's BYD to surge ahead.

Global EV sales rose 28 percent last year, but Tesla's deliveries dropped about 8.6 percent in 20