Traditional car manufacturers including Volkswagen, Honda, Renault and Volvo are forecast to lose more than 20 per cent of their market share by 2030 because Chinese EV specialists such as BYD are making vehicles that are already 25 per cent cheaper. A report by stockbroking house UBS found that the “legacy” car makers are being left behind on costs and technology even though they are shifting to manufacturing their own EV models. A UBS team of analysts conducted an extensive assessment of all the components in BYD’s mass-market Seal model, pulling the vehicle apart with the guidance of a specialist…