World News@lemmy.worldEnglish · 11 hours ago

Tesla sales plunge 63% in EU’s second-biggest EV market

www.bnnbloomberg.ca

600

Tesla sales plunge 63% in EU’s second-biggest EV market

www.bnnbloomberg.ca

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World News@lemmy.worldEnglish · 11 hours ago

Tesla Sales Plunge 63% in EU’s Second-Biggest EV Market

www.bnnbloomberg.ca

Tesla Inc. registrations plummeted 63% last month in France, the European Union’s second-biggest market for battery-electric vehicles.

Summary

Tesla’s registrations in France dropped 63% in January, their lowest since August 2022, far outpacing the broader total EV sales’ 0.5% decline.

Tesla registrations across EU countries fell 13% last year, with Germany accounting for much of the decline.

Sales in Germany, Tesla’s biggest European market, also fell 41% last year due to an aging lineup, competition, and subsidy cuts.

CEO Elon Musk’s political involvement, including support for Germany’s far-right party, may be affecting demand.

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10 hours ago
I waited until I could get my hands on a Hyundai EV because I couldn’t stomach Musk. A buddy is currently considering a used Tesla because prices have cratered - but is factoring in the cost of several large ‘Musk Sucks’ stickers to plaster all over it.

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