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    Home»Business»Car sales in Europe dip slightly in April, Tesla’s 49% drop tempers EV gains
    Business

    Car sales in Europe dip slightly in April, Tesla’s 49% drop tempers EV gains

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    TESLA’S sales in Europe fell 49 per cent in April from a year earlier, even as battery-electric sales rose by 27.8 per cent, as the US EV maker’s upgrade of its Model Y shows little sign of improving the brand’s tarnished image in the region.

    Overall car sales in the region remained roughly consistent with last year, falling just 0.3 per cent, with the strongest sales growth coming from electric and plug-in hybrid cars, data by the European Automobile Manufacturers Association (ACEA) showed.

    Tesla’s sales in Europe continue to drop, reflecting a shift away from the brand as Chinese competition strengthens and some protest against Elon Musk’s political views.

    European carmakers strive to cut domestic costs and tackle competition amid US tariffs on auto imports and a slowing global economy, with uncertainty overshadowing the industry’s outlook despite eased US-China trade tensions.

    April sales in the European Union, Britain and the European Free Trade Association (EFTA) fell to 1.07 million cars, following a 2.8 per cent growth a month before, the ACEA data showed.

    Registrations at Chinese state-owned automaker SAIC Motor and Mitsubishi grew by 24.5 per cent and 22.1 per cent respectively, while they fell by 24.5 per cent at Mazda.

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    Tesla’s sales fell for a fourth month in a row, down 49 per cent year-on-year, and its share of the total market nearly halved to 0.7 per cent from 1.3 per cent a year ago.

    In just the EU – not including Britain and the EFTA – total car sales fell 1.2 per cent year-on-year, declining for a fourth consecutive month, as the registrations of battery electric (BEV), plug-in hybrid (PHEV) and hybrid electric (HEV) cars grew by 26.4 per cent, 7.8 per cent and 20.8 per cent respectively.

    Electrified vehicles – either BEV, HEV or PHEV – sold in the bloc accounted for 59.2 per cent of passenger car registrations in April, up from 47.7 per cent in the previous year.

    Among the largest EU markets, total car sales in Spain and Italy increased by 7.1 per cent and 2.7 per cent respectively, while in France and Germany they dropped by 5.6 per cent and 0.2 per cent.

    In Britain, registrations were down 10.4 per cent. REUTERS

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