Chinese brand BYD saw more pure electric car registrations in the continent than Elon Musk’s EV brand in April, according to new data.
Europeans are buying fewer Teslas than before despite a growing demand for electric cars, according to a study published Tuesday, in keeping with a trend seen in recent months.
The European Automobile Manufacturers’ Association said that just 5,475 Tesla cars were sold in April, down 52.6% from the same month last year.
In the first four months of this year, Tesla sales were down 46.1% when compared with the first four months last year.
This would be a great time for an auto manufacturer to try and release their own EV. If EV’s are such a threat to your business, why not make them yourself? I don’t understand why more auto companies aren’t trying this. You’d get both markets, and you could scale back your gas vehicles if EV’s do end up becoming the norm. I probably don’t know enough about the business and there’s some obvious reason why this doesn’t work, but I’d love to know why.