In Europe, electric and hybrid vehicle sales are booming, with battery-electric cars achieving 15.4% market share and hybrid-electric cars 35.1%. However, Tesla faces a sharp decline, experiencing a 45.2% decrease in sales and a drop in market share from 1.6% to 0.9% year over year. This decline can be attributed to increased competition, particularly from low-cost models by companies like BYD, and a brand crisis triggered by political controversies involving CEO Elon Musk.
Electric and hybrid vehicle sales are surging across Europe, steadily overtaking traditional combustion engines - but Tesla is failing to capitalize on the boom.
Tesla's EU sales dropped 45% as political backlash and rising competition hit the brand, leading to a significant decline in market share.
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