Tesla sales plunge 63% in EU’s second-biggest EV market

www.bnnbloomberg.ca

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Tesla sales plunge 63% in EU’s second-biggest EV market

www.bnnbloomberg.ca

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World NewsEnglish • 13 hours ago

Tesla Sales Plunge 63% in EU’s Second-Biggest EV Market

www.bnnbloomberg.ca

Tesla Inc. registrations plummeted 63% last month in France, the European Union’s second-biggest market for battery-electric vehicles.

Summary

Tesla’s registrations in France dropped 63% in January, their lowest since August 2022, far outpacing the broader total EV sales’ 0.5% decline.

Tesla registrations across EU countries fell 13% last year, with Germany accounting for much of the decline.

Sales in Germany, Tesla’s biggest European market, also fell 41% last year due to an aging lineup, competition, and subsidy cuts.

CEO Elon Musk’s political involvement, including support for Germany’s far-right party, may be affecting demand.

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