Key facts
- Global EV sales increased by 16% in April.
- BYD and Tesla were the primary drivers of this growth.
- The report was issued by Morgan Stanley.
Morgan Stanley has reported that global sales of electric vehicles (EVs) experienced a significant increase of 16% in April. This surge in sales was primarily driven by the strong performance of two major manufacturers: BYD and Tesla. The report highlights the continued momentum in the EV market, with these two companies playing a pivotal role in the overall growth figures for the month.