The ever-popular Tesla Model Y is losing ground, while Chinese-made EVs are on the rise in Europe.
The electric vehicle market in Europe was a bit of a mixed bag in the first half of 2024, with big winners and big losers. However, the number of registrations for all-electric cars was 2% higher compared to the first half of 2023, with just under 950,000 EVs hitting the streets, according to Jato Dynamics. That’s not a record-breaking achievement by any stretch of the imagination, but it’s still growth.
BYD, the largest automaker in China, registered 17,000 electric cars, a whopping 14,000 more than in H1 2023, outselling EVs from brands such as Nissan, Smart, Toyota, Polestar, Citroen, Dacia, Ford, Mini, Porsche and Mazda. Smaller Chinese automakers didn’t make a huge dent in the grand scheme of things, but their growth was significant percentage-wise. XPeng registered 2,215 EVs compared to just 51 in the first half of last year.
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