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Tesla’s EU Sales Plunge as Electric Vehicle Registrations Expand

Stricter CO2 emissions regulations are prompting automakers to expand clean vehicle lineups.

Overview

  • Tesla’s EU deliveries in May fell 40.5% year-on-year to 8,729 units, extending a five-month sales decline of about 45%.
  • The company’s market share in the EU slid to 1.1% as the refreshed Model Y failed to reverse weakened demand.
  • Overall new car registrations in the EU rose 1.6% in May to 926,582 vehicles, led by a 25% jump in battery-electric sign-ups.
  • Hybrid powertrains held a 35.1% share of the EU market while plug-in hybrids climbed to 8.2% amid shifting consumer preferences.
  • Heightened competition from Volkswagen and Chinese brands such as BYD is intensifying pressure on Tesla in Europe.