this post was submitted on 21 Dec 2024
514 points (98.9% liked)

World News

39356 readers
2516 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
 

Summary

Tesla’s European market share is declining sharply, with EU registrations dropping 40.9% in November 2024 compared to last year, and year-to-date registrations down 15.2%.

Including the UK and EFTA, Tesla’s registrations fell 13.7% this year.

The drop stems from reduced government EV incentives and growing dissatisfaction with CEO Elon Musk.

Despite Tesla’s decline, overall EV registrations in Europe have remained stable as competing automakers gain ground. Tesla remains the largest EV producer in Europe but faces growing pressure from rivals capitalizing on its waning dominance.

you are viewing a single comment's thread
view the rest of the comments
[–] Shardikprime@lemmy.world -3 points 20 hours ago (2 children)

But this is hitting EVERY ev carmaker in Europe. Germany ended its subsides to ev this December.

This has obviously impacted sales. Volkswagen, Volvo, Hyundai. All have been hit.

The only one that was not impacted that much was BMW.

This is nothing to celebrate. Ev adoption on Europe has been dropping steadily.

[–] seliaste@lemmy.blahaj.zone 19 points 20 hours ago* (last edited 20 hours ago)

"overall EV registrations in Europe have remained stable"

[–] NotMyOldRedditName@lemmy.world 4 points 17 hours ago* (last edited 17 hours ago)

Companies like VW are getting raped in China where a substantial amount of their profits come from though due to their current EV positioning and it's causing them catastrophic problems in the EU. Deiss the old CEO was warning about needing to cut back and refocus because of this and they kicked him out. Now the new CEO is saying the same thing but the delay has made it even worse, and the union, as expected, is fighting it. VW is in serious trouble right now.

Edit: Looks like new news on this yesterday, 35k jobs cut (25% of workforce), but no factory closures, and a reduction in 700k vehicles/y. Also no raises for 4 years.

https://www.reuters.com/business/autos-transportation/rapprochement-between-volkswagen-union-wage-talks-sources-say-2024-12-20/