The Chinese Car Manufacturer Byd Sold More than Three Times As Many Electric Cars in the European Union in July as Last Year. Tesla Saw Sales Plummet Again.
BYD is Taking Market Share from Tesla, which Sold 6,600 cars in the EU in July. The Chinese Car Manufacturer Registered 9,700 Cars, Accordance to New Figures from the European Automotive Industry Association ACEA on Thursday. In The Same Month Last Year, that was more than 3,100 byds. BYD is also making progress in The Netherlands: More and More Chinese City Buses Are Driving Around.
Byd selling more cars like a striking development, because the eu is trying to slow down the chinese manufacturer. European Member States Agreed Last October on a Permanent Import Duty on Chinese Electric Cars Such As Those from BYD. Research shows that the Chinese Government is providing Extra Money to the Automotive Industry. This makes it more difficult for European and American Car Companies to Compete with Byd Models.
Byd already Overtook Tesla Worldwide Last year. In The Third Quarter, The Chinese Manufacturer Presented Higher Turnover Figures than its American Competitor for the first time. Tesla Has Been Struggling with disappointing sales for some time.
This is partly due to the role that CEO Elon Musk Played in the Government of President Donald Trump. On Behalf of Trump, Musk Cut Thousands of Jobs Within the American Government. That contributed to his controversial image. Protest Actions Followed at Tesla Locations in the United States and in Europe. Last year, musk’s electric cars had a market share of 1.3 percent in the EU. Last Month That Has Shrunk to 0.7 percent.
Petrol and Diesel Less Popular
In Total, Almost 915,000 Cars Were Sold in July, More Than Last Year. In particular, The Sale of Electric Cars and Hybrid Cars Has Increased, While Petrol and Diesel Cars Have Seen A Decrease.
Yet the percentage of fully electric cars out of total car sales is the same as last year: the market share has not inceased. Accordance to Industry Organization ACEA, the EU must do more to acceleration the transition to electric driving. For Example, Europe Can Ensure Lower Charging Rates and More Public Charging Stations. In The Netherlands, Sixteen Hundred Charging Points Are Added Every Month.