Tesla sales collapse by 45% in Europe

According to the European Association of Automobile Manufacturers (ACEA), Tesla sold just 9.9 thousand electric vehicles in Europe during January.

Published on
Read: < 1
Tesla sales collapse by 45% in Europe © The Strategist

Elon Musk’s company succeeded in selling 18.2 thousand of its vehicles in the area in the previous year. As a result, the company’s sales declined by 45%, whereas overall electric car sales in Europe rose by 37% by the end of January.

In January, 166 thousand new electric vehicles were recorded in Europe. Sales growth was observed in all key markets except France (-0.5%).

In the EU, electric car sales increased a bit more moderately? by 34%, yet their market share has risen to 15% compared to 10.9% in January 2024. Sales of hybrid vehicles in the EU increased by 18.4% to 290,000, and their market share has reached 34.9%.

Simultaneously, the sales of gasoline-fueled vehicles in the EU fell by 18.9% throughout the year, while diesel vehicles dropped by 27%. Currently, cars powered by gasoline make up just 29.4% of sales, while the proportion of diesel vehicles in the market has fallen to 10%.

source: reuters.com

Leave a Comment

Share to...