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Tesla Registrations In EU Take A Hit In 2024 As EV Demand Slows: Volkswagen, Volvo, And Toyota Continue To Gain Speed

Benzinga LogoBenzinga1w ago

Tesla Registrations In EU Take A Hit In 2024 As EV Demand Slows: Volkswagen, Volvo, And Toyota Continue To Gain Speed - Benzinga

Quick Summary:

New Tesla Inc.(NASDAQ:TSLA) vehicle registrations in the European Union in the first eight months of 2024 dropped 15% as compared to the corresponding period last year as overall electric vehicle (EV) demand dropped, data from Europe’s auto industry body showed on Thursday.

What Happened: Only 152,607 new Tesla vehicles were registered this year in the EU as of the end of August, as compared to 179,363 registrations in the corresponding period of last year, the European Automobile Manufacturers Association (ACEA) said.

However, Swedish automaker Volvo Cars, majority-owned by China’s Geely, saw new car registrations rise 38% to 192,365 units while Chinese state-owned SAIC Motor also marked an 18% growth in registrations to 102,924 units.


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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-19 @ 08:05:56 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 529 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22589370

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 1 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 14 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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