EU Car Registrations Decline in January Amid Tesla Market Share Drop
The European Automobile Manufacturers Association reported a 3.9% decrease in new car registrations in the European Union for January, totaling 799,625 vehicles. According to Jin10, Tesla's market share in the EU, UK, and European Free Trade Association regions fell to 0.8%, while BYD's market share reached 1.9%. Tesla's share in the pure electric vehicle market stood at 4.3%.