Overview
- ACEA’s July tally for the EU, UK and EFTA shows Tesla registrations fell to 8,837 (down 40.2% year over year) as BYD rose to 13,503 (up 225%), giving them market shares of 0.8% and 1.2% respectively.
- In the EU alone, Tesla logged 6,600 registrations (down 42.4%) versus BYD’s 9,698 (up 206%), with market shares at 0.7% for Tesla and 1.1% for BYD.
- July marked Tesla’s seventh straight monthly decline in Europe even as BEVs reached a 15.6% market share and electrified powertrains approached 60% of new registrations.
- Coverage attributes Tesla’s slump to intensifying Chinese competition, an aging model range, factory retooling, delayed approval for advanced driver-assist features in Europe, and brand backlash tied to Elon Musk’s politics.
- BYD is expanding showrooms and has announced Yangwang and Denza launches in Europe next year, while Tesla has leaned on discounts in some markets and plans a lower-cost model for the second half of 2025.