British motorists can now lease Tesla electric vehicles for about half the price compared to a year ago, mainly due to discounts of up to 40% offered by Tesla. These discounts are part of an effort to sell off excess inventory and handle limited storage space in the UK. July sales figures reveal a 60% drop in Tesla's UK sales, amidst a wider decline in the new car market, which fell by approximately 5% year-on-year. Projections indicate battery electric vehicles may constitute 23.8% of new registrations by 2025, an increase from earlier estimates.
"British motorists can now lease a Tesla electric vehicle for just over half of what they would have paid a year ago due to discounts and lack of storage."
"Tesla has been forced to offer discounts of up to 40% to car leasing companies as sales in the UK dropped significantly, showcasing a shift in demand."
"In July, Tesla's sales in the UK fell about 60%, with overall British new car registrations also declining by about 5% year-on-year."
"Battery electric vehicles are projected to account for 23.8% of new registrations by 2025, indicating a slight increase from previous forecasts."
Read at Fast Company
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