Etiqueta: EU

EVs and hybrids gain traction, but China's BYD edges out Tesla for market share

Europeans are pissed at Tesla and BYD is eating its lunch.

Tesla sales plunged again in Europe in July as car buyers continued their migration to Chinese rival BYD.

New EU car registrations jumped by 7.4% in July year-on-year. EV sales are increasing, but Tesla is losing momentum in the bloc as Chinese competitor BYD grows in popularity, tripling its sales in the first seven months.View on euronews

The slowdown comes despite strong growth in Europe’s EV market, where battery-electric registrations jumped 24% this year.

Tesla's European Market Woes and BYD's Ascendancy: A Strategic Shift in the Global EV Landscape

Tesla Sales in Europe Outstripped by Chinese Rival BYD Amid Sluggish Demand and Musk's Tarnished Reputation

By Mauro Orru BYD sold more cars in Europe than Tesla once again last month, a sign that Elon Musk's electric-vehicle maker continues to face stiff competition from its Chinese rival as it...

The Shifting EV Power Dynamics in Europe: Why BYD Is Outpacing Tesla and What It Means for Investors

New car sales in Europe rose 5.9% in July as a jump in Germany outweighed drops in Britain, France and Italy, European Automobile Manufacturers Association data showed on Thursday. Tesla lost market share for a seventh consecutive month despite a rise in overall sales of electric cars, and trailed competitor BYD, which was included in the monthly sales data for the first time. WHY IT'S IMPORTANT Domestic carmakers such as Volkswagen are studying new launches to fend off Chinese competitors in Europe's growing EV market and comply in a profitable manner with regulations that encourage adoption of the vehicles.