Tesla's European registrations uneven in July despite broader EV momentum

Overall registrations ‌of new battery-electric cars rose 51% in June, data from ​the European ​Automobile Manufacturers' Association ⁠showed. Last month, Tesla reported record-setting second-quarter delivery numbers that beat Wall Street estimates...

AP
Tesla's registrations across several European markets painted a mixed picture in July, with strong gains in France and Denmark contrasted by sharp declines in Norway and Sweden.

Registrations of ‌Tesla's vehicles, ⁠a ⁠proxy for sales, rose 86% in France and 52% in Denmark from a year ago, according to data from French car body PFA and Denmark's bilstatistik.dk.

However, they plunged 97% in Norway ⁠and 60% ‌in Sweden in the same time frame, numbers from compilers ⁠OFV and Mobility Sweden showed.


Tesla's sales in Europe have so far rebounded this year after two straight annual declines, helped by easier year-ago comparisons, higher fuel prices, government incentives and growing consumer interest in electric vehicles.

Overall registrations ‌of new battery-electric cars rose 51% in June, data from the European Automobile Manufacturers' Association ⁠showed. Last month, Tesla reported record-setting second-quarter delivery numbers that beat Wall Street estimates, boosted by the rebound in Europe.

Registration data from Britain and Germany, Europe's two largest car markets, is due later this week.
ADVERTISEMENT
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › Tech › Tech & Internet › Tesla's European registrations uneven in July despite broader EV momentum
Text Size:AAA
Success
This article has been saved

*

+