Data on the European Association of Car Manufacturers (ACEA), which is referred to by the Reuters agency, show that in the face of growing competition, Elona Muska has sold 42.6 percent in Europe this year. Less cars.
Tesla’s share in the electric car market is falling
In February, Tesla had 1.8 percent share in the entire market and 10.3 percent in the electric vehicle marketwhile the numbers looked much better last year. A year ago, Tesla’s share in the entire market was at the level of 2.8 percent, while among the fully electric cars Tesla’s share was 21.6 percent.
In absolute numbers, Tesla’s sale does not look good either. In the European Union, Great Britain and the countries of the European Free Trade Association, less than 17,000 were sold. Tesla cars. In the same month in 2024, Tesla sold over 28 thousand. aut.
The electric car market is growing
The poor results of Tesla are still very glaring against the background of the entire market. According to ACEA data, the sale of electric vehicles throughout the community, Great Britain and the countries of the European Free Trade Association increased by 26.1 percent Compared to February 2024, despite the fact that the total sales of cars dropped by 3.1 percent.
Sale of CO2 emission allowances
Reuters reminds that the documents submitted in the European Union last week show that Tesla has created a group of sellers of carbon dioxide entitlement to other car manufacturers who try to meet European purposes in CO2 emissions.
Analysts estimates show that based on data from 2024, the sale of Tesla may have more than compensated for the emissions of these companies. However, this can change if Tesla sales continue to fall. In such a situation, Muska may not fulfill the contracts.
Electricity and hybrids acquire the market
In total, the total number of registration of new cars in the European Union fell by 3.4 percent in February. Meanwhile The sale of electric vehicles increased by 23.7 percent, which is the second increase in a row. Strong growth (about 19 percent) were also recorded in the hybrid vehicle segment (HEV).
Electric vehicles – BEV, HEV and Plug-in hybrids (PHEV) in total accounted for 58.4 percent. all registration of passenger cars in Februarywhile a year earlier it was 48.2 percent.
