Tesla’s market share in Europe keeps crumbling, as China reclaims top spot in global EV race

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Tesla’s market share in Europe keeps crumbling, as China reclaims top spot in global EV race:

Tesla’s share of the critical European battery-electric-vehicle market crumbled in the first month of 2021, and China has taken the top spot from Europe in the EV race, according to new research.

Schmidt called Tesla’s January performance “consistently low,” noting that the company’s European delivery schedule sees volumes peak at the end of each quarter. However, the analyst noted that Tesla’s 12-month rolling volumes have now fallen behind Hyundai 005380, -3.27% and Kia 000270, +3.12%, which are now the third-most popular EV group in Europe.

According to Schmidt, who publishes the European Electric Car Report, it was the introduction of emissions targets, and the specter of massive fines, that accelerated the European car makers’ battle against Tesla for dominance. The boost in China comes after a standout year for Europe. There were 1.33 million electric-vehicle registrations in Europe in 2020, topping 1.25 million in China, amid a pedal-to-the-metal push to increase EV adoption from European governments and supercharged demand from consumers.

Plus: Audi is betting on the luxury market in a new electric-vehicle venture with China’s oldest car maker

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Clueless alert. Don't be fooled by these clowns.

Astounding that anyone thinks there is a comparable alternative to owning a Tesla

Funny story...Let's see how this works out when factory Berlin opens.

Haha ok

Besides Tesla here in Holland people buying a lot of Polestar EV cars!

thanks

Tesla’s 12-month rolling volumes falls behind Hyundai 005380, -3.27% and Kia 000270, +3.12%, now the 3rd most popular EV group in Europe Tesla topped European EV charts in 2019. It sold 109,000 + vehicles making up 31% of the region’s EV market ElonMusk will bounce back 😏

Those europoors, disappointing on so many levels...😀

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