In January, fully electric car sales in Europe rose by 37.3%, yet this increase was insufficient to counter a 2.1% overall decline in car sales, influenced by falling petrol and diesel vehicle registrations. While Tesla faced a significant 45.2% drop in sales across the European Union, competitors like SAIC Motor reported growth of 36.8%. Amidst these market challenges, EU carmakers are seeking relief from penalties for CO2 emission regulations, fearing decreased consumer interest in vehicles altogether, while electrification of vehicles continues to gain momentum with 57.2% of registrations attributed to electric models.
Sales of fully electric cars in Europe surged by 37.3% in January; however, this increase was not sufficient to offset a decline in petrol and diesel vehicle sales.
Despite the rise in electric vehicle sales, overall car sales in Europe dropped by 2.1%, indicating underlying market challenges amid rising competition and new emission regulations.
The European Automobile Manufacturers Association reported a significant 45.2% reduction in Tesla's sales in the EU, while competitor SAIC Motor saw a 36.8% increase in sales.
Industry concerns grow over potential fines for car manufacturers facing stricter CO2 emission targets, as they navigate competition from Chinese automakers and pressure from evolving market dynamics.
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