The European Commission has decided to give automakers breathing room in achieving its zero-emission target, which is going to enable

As an energy enthusiast, I’ve been closely following the EU’s car crisis and its impact on the automotive industry. It’s fascinating to see how regulatory changes can shake up the market, especially when it comes to electric vehicles (EVs).

Tesla witnessed a drop of over 50% in new car registrations in January in the EU despite battery electric vehicle registrations rising.

The European Commission will present measures next week meant to boost demand for electric vehicles (EVs)in the European Union, and envisages local content requirements for car battery production, according to a draft of the proposals.

Electric vehicle sales surged despite the overall drop, growing by 34% and reaching a 15% market share. BMW sold more EVs in the EU in January than Tesla, which saw a significant sales drop last month.

Teslas car sales in Europe and the UK tumbled in January, facing mounting competition from Chinese automakers and European brands expanding their EV lineups. New Tesla registrations in the EU, the UK,

Electric vehicle (EV) adoption in Europe is increasing. One would expect that Tesla would be one of the biggest winners of such news. But the company’s sales are falling across most of its key markets.

It appears that Tesla sales are slumping in the U.S., too. According to the California New Car Dealers Association, Tesla registered fewer cars in the state in all four quarters of 2024. California is the largest EV market in the U.S. Tesla sales fell by 8 percent in the fourth quarter and 12 percent for the whole year.

Electric vehicle (EV) giant Tesla’s ($TSLA) sales in UK jumped by 20.7% in February despite CEO Elon Musk’s seemingly deteriorating brand value.

One of several ways in which Tesla generates revenue is by selling emissions, or carbon credits, to other manufacturers. Tesla gets credit from a governing body (the EU, in this case) for every electric car it sells.

Shares in electric car maker Tesla have slumped more than 9% after EU and UK sales fell by almost half in January. The drop in Tesla shares took the company's valuation back below $1trn for the first time since November 2024. Tesla has been facing stiff competition in the European market from Chinese and other manufacturers.

The move dragged Tesla's market cap to $974 billion, putting it below the $1 trillion milestone it had been cruising above since November. Signs had already emerged that Elon Musk's carmaker was struggling in Europe, as EU sales dropped 13% in 2024.