"Tesla sales slumped 40% across Europe in July compared with a year earlier, as the electric car company run by Elon Musk faces increasingly tough competition from its Chinese rival BYD. There were 8,837 sales of Tesla cars last month across the EU, the European Free Trade Association and the UK, according to figures from the European Automobile Manufacturers' Association (ACEA). That compared with 14,769 at the same point last year."
"Meanwhile, new car registrations for BYD more than tripled across Europe last month to 13,503, compared with 4,151 last year. BYD's now has 1.2% market share, the ACEA found. Tesla's share stood at 0.8%. Chinese car brands, which often have relatively cheaper models, have been expanding aggressively in Europe. BYD outsold Tesla in Europe for the first time this spring, according to a report from the market research company JATO Dynamics."
"In the UK the government said on Thursday that the US car brand Ford would be the first manufacturer to receive the maximum 3,750 subsidy on two models: the Gen-E and the e-Tourneo Courier. A further 26 other models will be eligible for grants of 1,500 under the government's new electric car grant scheme. The grants only apply to vehicles with a list price of 37,000 or below, and the discount is applied automatically at the point of sale."
Tesla's European July sales fell 40% year-on-year to 8,837 units, down from 14,769. BYD's new car registrations more than tripled to 13,503 from 4,151, giving BYD a 1.2% market share versus Tesla's 0.8%. Chinese car brands with relatively cheaper models are expanding aggressively across Europe, and BYD outsold Tesla in Europe for the first time this spring. The UK introduced a new electric car grant scheme with a maximum 3,750 subsidy for eligible models with a list price of 37,000 or below; Ford's Gen-E and e-Tourneo Courier qualify for the maximum, and 26 additional models qualify for 1,500 grants. UK car production rose 5.6% in July.
Read at www.theguardian.com
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