(Reuters) -
BMW led the European battery electric vehicle (BEV) market for the first time, beating U.S. automaker Tesla, according to market research firm JATO Dynamics.The German auto giant sold 14,869 BEV cars in July, about 300 more than Tesla last month.
BMW reported a 35% jump in sales last month from a year earlier, while Tesla saw registrations fall 16%, the report said.
About 139,300 new electric cars were registered last month, down 6% from July 2023, according to the report, which added market share of EVs slipped to 13.5% from 14.6% a year earlier.
My take:
*European customers don't really want EVs. What they do want is subsidized cars.
*Surprising that BMW outsells Tesla in Europe. Wonder if we"ll see something similar in the US.
The definitive EV thread. No spin. No BS., page-1196
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