LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Tesla sales keep slipping, but EV sales keep climbing – even WITHOUT incentives

Robert Frost by Robert Frost
April 14, 2025
in Industries
Tesla sales keep slipping, but EV sales keep climbing – even WITHOUT incentives
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Germany’s new car market as-a-whole continued to struggle through the end of the first quarter, but you’d never know it from looking at EV sales. Even as Tesla’s fortunes continue to decline, EV sales shot up more than 35% year over year – now approaching 17% of the market, and that’s WITHOUT government incentives!

Spanish media outlet Motorpasión is reporting that Germany’s Kraftfahrt-Bundesamt (or KBA; sort of like the American National Highway Traffic and Safety Administration, NHTSA) says electric cars already make up 17% of all new vehicle registrations in the European country. And that EV market share is accelerating, despite the cancelation of government EV subsidies in late 2023.

You might also like

Tesla Autopilot less safe, Optimus freezes, electric Mustang goes 250,000 miles

91% of renewables are cheaper than fossil fuels, but Trump just defunded a vital US grid upgrade

Elon Musk with a straight face: Tesla Robotaxi will cover half of US population by end of the year

At the same time, Tesla – whose Model Y electric crossover was, at one point, the best-selling car in the world – is watching its sales tank globally. That’s especially true in Germany, where the American EV brand saw a 70% drop in sales through the first two months of the year, YOY, and some 94% of survey respondents (allegedly) said they wouldn’t buy a Tesla.

All of which begs the question: what gives?

Advertisement – scroll for more content

Pull-ahead EV sales + Elon’s Musk

New Tesla Model Y; via Tesla.

The first part of this two-part answer involves German EV subsidies. The nation’s government issued a €4,500 subsidy for the purchase of a new EV with a sub-€40,000 list price (€3,000 for €40-65,000 cars). That often-criticized program was always intended to be temporary, however, and after EV sales reached one million units the subsidy was canceled for business customers in September in 2023 and private individuals the end of December.

The result of that cancellation was a significant drop in new EV sales in 2024 vs. ’23 – but that’s easily explained by “pull-ahead” sales driven by the knowledge that the government subsidy would be ending soon. And, sure, you don’t see the sort of spikes you see in the US when people who don’t understand basic economic concepts or what tariffs are suddenly gain political power, but that has as much to do with the way cars are sold in Europe as anything else.

In Europe, car buyers typically visit dealers to look at options and features and work with their salespeople to place an order for a new car. The car is built to their customized specifications, and the customer waits anywhere 3-4 months for delivery. There is no, “What’s it gonna take for you to drive one of these home, today?” in other words.

That’s part one.

The second part is the overwhelming stink of Elon Musk (see what I did there?). The Tesla CEO’s passionate embrace of the alt-right and even far-right political movement combined with not one but two “Roman” salutes at Trump’s inauguration (wink-wink, nudge-nudge) have turned the brand’s electric cars into political statements, whether their owners wanted that or not – and many are trading out of their Teslas much earlier than they’d originally planned in favor of a vehicle that’s less politically charged.

What vehicles are they buying? I’ve put together a list of the best-selling EVs in Germany so far this year, along with links to local discount and 0% deals on the ones that are available stateside. Take a look at number 7 (How the mighty have fallen!), then let us know how you think the German EV standings will look in December in the comments.

Ten best-selling EVs in Germany

  • Volkswagen ID.7 (shown, at top) 9,336 units
  • Volkswagen ID.4/ID.5 7,778 units (available in US)
  • Škoda Enyaq 7,393 units
  • Volkswagen ID.3 6,174 units
  • Cupra Born with 5,241 units
  • Audi Q4 e-tron 3,906 units (available in US)
  • Tesla Model Y 3,442 units (available in US)
  • BMW i4 2,859 units (available in US)
  • Cupra Tavascan 2,822 units
  • BMW iX 2,797 units (available in US)

SOURCES: KBA, via Motorpasión.

Tesla Autopilot less safe, Optimus freezes, electric Mustang goes 250,000 miles

If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

FTC: We use income earning auto affiliate links. More.



Source link

Share30Tweet19
Previous Post

Ultimate guide to Games of Fortune: What are your odds? – London Business News | London Wallet

Next Post

Birmingham bin crisis is ‘entirely attributable’ to the ‘dreadful Labour administration’ – London Business News | London Wallet

Robert Frost

Robert Frost

Jutawantoto Jutawantoto Jutawantoto Jutawantoto Berita Terbaru Hari

Recommended For You

Tesla Autopilot less safe, Optimus freezes, electric Mustang goes 250,000 miles
Industries

Tesla Autopilot less safe, Optimus freezes, electric Mustang goes 250,000 miles

July 24, 2025
91% of renewables are cheaper than fossil fuels, but Trump just defunded a vital US grid upgrade
Industries

91% of renewables are cheaper than fossil fuels, but Trump just defunded a vital US grid upgrade

July 23, 2025
Elon Musk with a straight face: Tesla Robotaxi will cover half of US population by end of the year
Industries

Elon Musk with a straight face: Tesla Robotaxi will cover half of US population by end of the year

July 23, 2025
Tesla claims it produced the first builds of its ‘new affordable’ electric car models
Industries

Tesla claims it produced the first builds of its ‘new affordable’ electric car models

July 23, 2025
Next Post
Birmingham bin crisis is ‘entirely attributable’ to the ‘dreadful Labour administration’ – London Business News | London Wallet

Birmingham bin crisis is ‘entirely attributable’ to the ‘dreadful Labour administration’ - London Business News | London Wallet

Related News

Some non-technology stocks with momentum that investors are buying into year-end

Some non-technology stocks with momentum that investors are buying into year-end

August 27, 2024
Dow, S&P 500 set to extend last week’s losses in Monday’s final hour of trading

Dow, S&P 500 set to extend last week’s losses in Monday’s final hour of trading

October 2, 2023
Man arrested on suspicion of murder after death of woman in Clacton

Man arrested on suspicion of murder after death of woman in Clacton

March 22, 2025

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?