From Yahoo Finance: 2025-05-27 00:02:00

Tesla’s European sales plummeted 49% in April, despite a 27.8% rise in battery-electric car sales. Overall car sales in Europe dipped 0.3%, with electric and plug-in hybrid cars showing the strongest growth. Tesla’s market share in Europe dropped from 1.3% to 0.7%.

European carmakers are facing challenges amid stiff competition, U.S. tariffs, and a slowing global economy. April car sales in the EU, UK, and EFTA fell to 1.07 million cars, following a 2.8% growth in March. Registrations at Chinese SAIC Motor and Japan’s Mitsubishi rose, while Japan’s Mazda and MZDAY fell.

Despite a 1.2% decline in total car sales in the EU, demand for EVs continues to grow, with registrations of BEV, PHEV, and HEV cars rising. EV sales in the bloc accounted for 59.2% of passenger car registrations in April. Spain and Italy saw an increase in car sales, while France, Germany, and the UK experienced drops.

Read more: Tesla misses out on European EV growth as Model Y fails to revive sales