Tesla Sales Slump As EV Registrations Rise In Britain, BYD Sees Surge

Quick Summary:

New battery electric vehicle (BEV) registrations rose 10.8% in Britain in August despite a fall in registration of new Tesla Inc (NASDAQ:TSLA) vehicles, according to industry data released Thursday.

What Happened: The Society of Motor Manufacturers and Traders (SMMT) said that 19,113 battery electric vehicles were registered in August, marking an increase of 10.8% or 1,879 units from August 2023.

The trade association pegs the rise in registrations to heavy discounting by EV makers, coupled with newer offerings.

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets: United States

Topics: Benzinga Markets TSLA Society of Motor Manufacturers and Traders BYDDY Tech Electric vehicles US88160R1014 News Mobility EVs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-05 @ 11:35:53 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 345 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 22374457

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