- Tesla’s Sales Dip 28% : Tesla’s new car sales in Europe fell 27.9% in May, despite a 27.2% rise in overall EV sales.
- The revised Model Y hasn’t boosted sales as hoped, amid strong competition.
- European car sales grew 1.9% overall, with plug-in hybrids and alternative fuel cars leading.
- Tesla’s market share dropped to 1.2% (from 1.8%), marking five straight months of decline.
- Customers are choosing cheaper Chinese EVs and some are boycotting due to Musk’s politics.
- EU, UK, and EFTA new car sales hit 1.11 million in May, recovering from an April dip.
- Chinese EV maker SAIC Motor grew 22.5%, BMW by 5.6%, while Mazda fell 23%.
- EU total car sales have fallen 0.6% this year despite rising demand for electric cars.
- BEV, PHEV, and HEV sales surged, making up 58.9% of all EU car sales in May (Tesla’s Sales Dip 28%), up from 48.9% last year.
- Spain and Germany saw sales rise (18.6% and 1.2%), while France and Italy dipped (12.3% and 0.1%).
The UK gained 1.6%, showing modest recovery in the market.
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