Business Insider
US · 17 mins ago
✦ 75◉ Centre
BYD exec says oil price surge is a 'wake-up call' that is pushing people to buy EVs
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◉ Centre ✓ Fair headline
BYD executive Stella Li argues that rising oil prices are encouraging consumers to switch to electric vehicles, positioning the Chinese automaker's EVs as a cost-saving alternative in a period of fuel price volatility.
BYD exec says oil price surge is a 'wake-up call' that is pushing people to buy EVs
BYD's Stella Li said rising gas prices would help drivers realize EVs were "saving them money."
WEF
BYD sees an upside to gas-powered cars becoming more expensive to run.
BYD exec Stella Li said that the rising cost of gas is driving interest in the Tesla rival's EVs.
The Chinese EV giant is betting on a major global expansion to reverse sinking sales and profits.
Tesla's biggest rival sees an upside in the oil price shock: more EV buyers.
Stella Li, the executive vice-president of Chinese EV
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