Tesla’s market share in Europe keeps crumbling

Market Watch (03/02/2021)
  • As more electric vehicles roll out, Tesla’s European market share continues its sharp decline.
  • There were 1,619 Tesla’s registered across 18 European markets in January (2021), down from 1,977 the year before.
  • Tesla’s European EV market share has declined from 5% to 3.5% over the last year.
  • Facing massive regulatory fines, European automakers significantly ramped up their EV production in 2020.
  • Volkswagen, parent of VW, Audi and Porsche, now leads with control of 22% of Europe’s EV market.