Tesla's market share in Europe continued its decline in February, according to new data, as sales of the all-electric carmaker dropped for the second consecutive month.
Despite a surge in overall electric vehicle (EV) registrations across the continent, Tesla’s sales were down 42.6% year-on-year, with the company capturing just 1.8% of the total market and 10.3% of the battery electric vehicle (BEV) market, compared to 2.8% and 21.6% in February 2024.
Tesla sold fewer than 17,000 vehicles in the European Union, the UK, and European Free Trade Association countries last month, a significant drop from over 28,000 in the same period the previous year. As competition intensifies, Tesla is grappling with an ageing lineup and increasing pressure from traditional automakers and new entrants, particularly from China, offering cheaper electric models.
Tesla's CEO, Elon Musk, has also faced controversy due to his public support for far-right political parties in Europe, which some analysts believe has contributed to the decline in sales.
Overall, the BEV market saw a strong 26.1% increase in sales compared to February 2024, while total car sales fell 3.1%, according to data from the European Automobile Manufacturers Association (ACEA). The European Union’s new carbon emission targets, set to encourage EV growth, could be impacted by Tesla’s sales slump, although the company has created a pool to sell carbon credits to other automakers to help meet these targets.
Despite Tesla's struggles, the broader EV market in Europe showed significant growth in February, with BEV sales up 23.7%, and hybrid vehicle sales increasing by 19%. Electrified vehicles, including BEVs, hybrid electric vehicles (HEVs), and plug-in hybrids (PHEVs), accounted for 58.4% of all new car registrations, a notable rise from 48.2% in February 2024.
Among other European automakers, Volkswagen and Renault saw sales increases of 4% and 10.8%, respectively, while Stellantis experienced a 16.2% sales decline. Chinese brands like SAIC Motor reported a 26.1% increase in sales, even amid EU tariffs on Chinese-made EVs, with companies like BYD and other Chinese automakers gaining a combined 2.5% market share.
As the European electric car market continues to grow, Tesla faces increasing competition and challenges in maintaining its dominant position in the region.
U.S. President Donald Trump said a preliminary agreement to end the war in the Gulf has been signed by the U.S. and Iran, though details have yet to b...
More than 8,300 participants from 100 countries have gathered in Uzbekistan's capital for the fifth Tashkent International Investment Forum (TIIF-2026...
Seven people have been arrested in Italy over suspected sabotage attacks on high-speed railway lines during the Winter Olympics earlier this year....
Pakistan's heavy reliance on imported energy was laid bare by the U.S.-Iran conflict, which disrupted regional supplies, drove up costs and exposed vu...
Following Armenia’s parliamentary vote, AnewZ spoke to people in Yerevan about the mood in the capital, relations with Azerbaijan and the country’...
Thousands of people took to the streets of Geneva on Sunday, 14 June ahead of this week's G7 summit in neighbouring France, but a largely peaceful demonstration later descended into clashes with police.
After many years, reams of regulatory paperwork and a well-timed presidential visit, Tesla has finally launched its Full Self-Driving (FSD) system in China, the world’s largest electric vehicle market and one in which competitors have been rapidly advancing their autonomous driving capabilities.
Elon Musk took the stand on Tuesday (28 April) at a high-stakes trial over the future of OpenAI, casting his lawsuit against the ChatGPT maker as a defence of charitable giving.
Major automakers showcased new electric vehicles at the New York Auto Show this week, under the slogan “electrification is the future." However, weakening demand in the United States and intense competition with China are raising questions for markets across the globe, including the South Caucasus.
Details of a reported draft memorandum of understanding between the United States and Iran offer the clearest picture yet of how both sides plan to end months of conflict and move towards a longer-term settlement.
The U.S. and Iran say they have reached a deal to end their conflict, with an immediate ceasefire and reopening of the Strait of Hormuz after the lifting of the U.S. naval blockade. Talks will continue over the next 60 days to finalise the agreement
A senior U.S. official said on Monday that the memorandum of understanding linked to the U.S.-Iran agreement had been signed by President Donald Trump, Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Qalibaf.
Israeli Prime Minister Benjamin Netanyahu has told U.S. President Donald Trump that Israel does not consider itself bound by a Lebanon-related provision in an emerging agreement with Iran, according to Israeli officials.
A strong 6.7-magnitude earthquake struck Indonesia's Sulawesi island early Tuesday, killing at least one person and injuring four, according to emergency authorities.
Seven people have been arrested in Italy over suspected sabotage attacks on high-speed railway lines during the Winter Olympics earlier this year.
Pakistan's heavy reliance on imported energy was laid bare by the U.S.-Iran conflict, which disrupted regional supplies, drove up costs and exposed vulnerabilities in the country's energy security. However, a proposed peace agreement now offers hope for economic relief.
The UK has unveiled a major new package of sanctions against Russia, targeting the shadow fleet, military supply chains and financial networks that support the Kremlin's war in Ukraine.
Russian sailors aboard a naval frigate fired warning shots at a civilian yacht in the English Channel on Tuesday after the vessel reportedly came too close, according to a source familiar with the incident.
Leaders of the Group of Seven (G7) have called for a strong and coordinated international response to the Ebola outbreak in the Democratic Republic of the Congo, urging countries to commit more resources to contain the spread of the virus.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment