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.
Google services including YouTube, Gmail and Maps were restored on Thursday following a widespread outage that left millions of users across dozens of...
The United States announced new security commitments for Ecuador on Thursday during Secretary of State Marco Rubio’s visit, as Washington seeks to s...
A magnitude 6.2 earthquake struck southeastern Afghanistan on Thursday at a depth of 10 kilometres, the German Research Centre for Geosciences (GFZ) s...
The third Uzbekistan–Belarus Women Entrepreneurs’ Business Forum has opened in Vitebsk as part of an official visit by a delegation led by Chairpe...
U.S. President Donald Trump will host more than two dozen technology and business leaders on Thursday for a dinner in the newly renovated White House ...
Tesla’s European sales have plunged for an eighth straight month, with sharp declines in France, Denmark and Sweden highlighting growing competition, consumer backlash against Elon Musk, and the company’s ageing product line.
Tesla (TSLA.O) chief executive Elon Musk has said the company’s new six-seat Model Y, unveiled in China this week, may never be produced in the United States, citing the rise of self-driving technology.
Tesla announced on Monday via the Chinese social media platform Weibo that its Model Y L is "coming soon," following earlier plans to introduce the new model in China.
Tesla has granted Elon Musk a $29 billion share award as part of a new compensation plan to retain him as CEO while the company shifts focus from electric cars to robotaxis and AI. The move revives elements of a controversial 2018 package previously struck down by a Delaware court.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Türkiye has reiterated its readiness to play a leading role in efforts to secure a just and lasting peace in the Russia-Ukraine war.
The deaths of at least 16 people in the derailment of a historic Lisbon cable car have cast a spotlight on the city’s “old charm” image, revealing cracks in its ageing infrastructure amid a booming tourist industry.
Google services including YouTube, Gmail and Maps were restored on Thursday following a widespread outage that left millions of users across dozens of countries unable to access key platforms.
The United States announced new security commitments for Ecuador on Thursday during Secretary of State Marco Rubio’s visit, as Washington seeks to strengthen efforts against illegal immigration and drug cartels.
Muslims across Yemen marked the birthday of Prophet Mohammad on Thursday, September 4, in a widespread display of devotion and celebration.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment