603
submitted 3 months ago* (last edited 3 months ago) by MicroWave@lemmy.world to c/world@lemmy.world

Summary

Tesla’s European market share is declining sharply, with EU registrations dropping 40.9% in November 2024 compared to last year, and year-to-date registrations down 15.2%.

Including the UK and EFTA, Tesla’s registrations fell 13.7% this year.

The drop stems from reduced government EV incentives and growing dissatisfaction with CEO Elon Musk.

Despite Tesla’s decline, overall EV registrations in Europe have remained stable as competing automakers gain ground. Tesla remains the largest EV producer in Europe but faces growing pressure from rivals capitalizing on its waning dominance.

(page 2) 41 comments
sorted by: hot top controversial new old
[-] Shardikprime@lemmy.world 7 points 3 months ago

But this is hitting EVERY ev carmaker in Europe. Germany ended its subsides to ev this December.

This has obviously impacted sales. Volkswagen, Volvo, Hyundai. All have been hit.

The only one that was not impacted that much was BMW.

This is nothing to celebrate. Ev adoption on Europe has been dropping steadily.

[-] NotMyOldRedditName@lemmy.world 5 points 3 months ago* (last edited 3 months ago)

Companies like VW are getting raped in China where a substantial amount of their profits come from though due to their current EV positioning and it's causing them catastrophic problems in the EU. Deiss the old CEO was warning about needing to cut back and refocus because of this and they kicked him out. Now the new CEO is saying the same thing but the delay has made it even worse, and the union, as expected, is fighting it. VW is in serious trouble right now.

Edit: Looks like new news on this yesterday, 35k jobs cut (25% of workforce), but no factory closures, and a reduction in 700k vehicles/y. Also no raises for 4 years.

https://www.reuters.com/business/autos-transportation/rapprochement-between-volkswagen-union-wage-talks-sources-say-2024-12-20/

load more comments (1 replies)
[-] GhiLA@sh.itjust.works 2 points 3 months ago

From a climate standpoint, my gasoline car does indeed kill fascism.

[-] postmateDumbass@lemmy.world 2 points 3 months ago* (last edited 3 months ago)

It kills everyone. Fucking briliant.

And oil money is quite entangled with nazi money.

Go on drive your Ford? VW? Lmao.

[-] GhiLA@sh.itjust.works 1 points 3 months ago* (last edited 3 months ago)

Maybe you and the ten douchebags that downvoted me could laugh a little easier if your heads weren't so far up your own asses.

I bought this and knew Elon was crazy

load more comments
view more: ‹ prev next ›
this post was submitted on 21 Dec 2024
603 points (100.0% liked)

World News

45629 readers
2406 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS