Saturday, September 6, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Leadership

Tesla misses out on European EV growth as Model Y fails to revive sales

by Yurie Miyazawa
in Leadership
Tesla misses out on European EV growth as Model Y fails to revive sales
Share on FacebookShare on Twitter


[GDANSK] Tesla’s sales in Europe fell 49 per cent in April from a year earlier, even though battery-electric car sales rose 27.8 per cent, as the US EV maker’s upgrade of its Model Y shows little sign of reviving the brand’s fortunes in the region.

Overall car sales in Europe dipped 0.3 per cent, with the strongest growth coming from electric and plug-in hybrid cars, data from the European Automobile Manufacturers Association (ACEA) showed.

Tesla’s European sales fell for the fourth straight month, as a backlash against CEO Elon Musk’s political views combined with a tepid reception for the new Model Y and heightened competition from European and Chinese players.

Tesla’s European market share dropped to just 0.7 per cent from 1.3 per cent a year ago.

European carmakers are striving to cut costs amid stiff competition, US tariffs on auto imports, and a slowing global economy, with the outlook uncertain despite eased US-China trade tensions.

April sales in the European Union, Britain and the European Free Trade Association fell to 1.07 million cars, following 2.8 per cent growth in March, the ACEA data showed.

BT in your inbox

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

Registrations at Chinese state-owned SAIC Motor and Japan’s Mitsubishi rose 24.5 per cent and 22.1 per cent respectively, while they fell 24.5 per cent at Japan’s Mazda.

In the EU alone – not including Britain and the EFTA – total car sales have fallen 1.2 per cent so far this year.

That is despite continued growth in demand for EVs, with registrations of battery-electric (BEV), plug-in hybrid (PHEV) and hybrid-electric (HEV) cars rising 26.4 per cent, 7.8 per cent and 20.8 per cent respectively.

EV sales in the bloc – whether BEV, HEV or PHEV – accounted for 59.2 per cent of passenger car registrations in April, up from 47.7 per cent in the previous year.

Among the largest EU markets, total car sales in Spain and Italy increased by 7.1 per cent and 2.7 per cent respectively, while in France and Germany they dropped by 5.6 per cent and 0.2 per cent.

In Britain, registrations were down 10.4 per cent. REUTERS

Tags: EuropeanFailsGrowthmissesModelreviveSalesTesla
Yurie Miyazawa

Yurie Miyazawa

Next Post
BYD shares extend losses as price cuts throw spotlight on sales

BYD shares extend losses as price cuts throw spotlight on sales

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2025 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In