Tesla Has Another Decline, and New Car Registrations Decline in Europe

According to the European Automobile Manufacturers’ Association (ACEA), the number of new automobile registrations in the EU decreased in the first five months. Even though battery-electric cars now account for 15.4% of the market, the ACEA stated that this percentage is “still far from where it needs to be.

Just in May, there were 1.6% more automobiles registered compared to the same month last year. As a result, EV sales increased by 25%. In terms of power source, hybrid-electric vehicles have emerged as the most popular automobile type, accounting for 35.1% of the market after a five-month spike.

Nearly two-thirds of all battery-electric car sales in the EU occurred in three of the four biggest auto markets, which experienced skyrocketing figures. Comparing the first five months to the same period last year, Germany witnessed a growth of 43.2%, Belgium 26.7%, and the Netherlands 6.7%. Although there was a 7.1% decrease in France, there was also a 38.3% increase in hybrid-electric vehicles.

Between January and May, the latter group increased by about 20% throughout the EU in comparison to the prior year. In Spain, the only one of the four largest EU economies (together with France, Germany, and Italy), overall automobile sales were booming, rising year over year for the first five months.

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