"Tesla continued a run of weak sales in the EU in November, with new car registrations of Elon Musk's brand down a third, while Chinese carmakers' sales soared. Tesla sold 12,130 new cars across the EU last month, down from 18,430 in November 2024, shrinking its market share from 2.1% to 1.4%, according to data from the European Automobile Manufacturers' Association (Acea), a lobby group."
"The Chinese carmaker BYD recorded by far the fastest sales growth, with registrations across Europe almost tripling year on year up to November, to 42,500. Chinese state-owned SAIC, the owner of the MG brand, recorded sales increases of 26% to push sales to 217,000. Both brands make battery cars but also hybrids, which combine a smaller battery with a petrol or diesel engine."
"The rise in hybrids has coincided with a strong lobbying push by European carmakers to persuade the EU to weaken electric car sales targets. The EU last week confirmed it would do so, allowing 10% of car sales to have internal combustion engines after 2035. Yet despite the intensive lobbying, battery electric cars accounted for 18.8% of the European market, or 2.3m cars in the first 11 months of the year, up from 15% in the same period last year."
Tesla's EU new car registrations fell by a third in November to 12,130, down from 18,430 in November 2024, reducing market share from 2.1% to 1.4%. BYD's registrations almost tripled year-on-year to 42,500, while state-owned SAIC (owner of MG) increased sales 26% to 217,000. Both Chinese brands sell battery electric and hybrid models. Hybrid vehicles, including plug-ins, accounted for 44% of sales as European manufacturers promoted more profitable hybrids. The EU agreed to allow 10% of car sales to use internal combustion engines after 2035. Battery electric vehicles reached 18.8% (2.3m) of the market in the first 11 months.
Read at www.theguardian.com
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