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There's also been a significant increase in competition. BYD are competing agressively across the continent, backed by Chinese subsidies, and European automaker
by scarab92 2y ago
There's also been a significant increase in competition. BYD are competing agressively across the continent, backed by Chinese subsidies, and European automakers are increasing their EV offings. For example, Volvo went from having 1 EV to 6 EV models available.
Also keep in mind that many European countries entered a recession over the past year. Also keep in mind that the cost of electricity has tripled since Putin attacked Ukraine.
The partisan types will ascribe Tesla's sales fall to Musk's politics, but I suspect that's actually a small effect compared to some of the broader market dynamics.
- tzs 2y agoSales are also way down in Australia [1]. [1] https://electrek.co/2025/02/06/tesla-sales-crash-in-another-market-and-this-time-it-cant-blame-model-y/ https://electrek.co/2025/02/06/tesla-sales-crash-in-another-...
- scarab92 2y agoAll of these same market dynamics exist in Australia as well, except Australia’s recession is a per capita recession, not an aggregate recession.