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Business
European countries with the most government subsidies for buying EVs
While all EU member states offer some form of tax benefit to boost EV sales, there is a significant difference between their direct purchase incentive schemes, with some of the most generous ones coming from Southern European countries.
Business
Chinese BYD triples its sales in Europe while Tesla is losing momentum
New EU car registrations jumped by 7.4% in July year-on-year. EV sales are increasing, but Tesla is losing momentum in the bloc as Chinese competitor BYD grows in popularity, tripling its sales in the first seven months.
Markets
BYD stock plunges after price cuts as EV sales surpass Tesla in Europe
Shares of BYD plunged following steep discounts across several models, stoking fears of a renewed price war in China’s EV market. However, the Chinese automaker is still expected to maintain robust growth, particularly against global rival Tesla.
Business
European car sales dip in February, EVs pick up but Tesla sales tumble
A sharp decline in overall sales in major markets including Germany and Italy dragged down the numbers of newly registered cars in the EU. However, EVs are distinctly increasing their market share in the bloc, with Chinese-made cars on the rise.
