KEY POINTS

New European car registrations of Tesla vehicles totaled 8,837 in July, down 40% year-on-year, according to the European Automobile Manufacturers Association, or ACEA.

BYD recorded 13,503 new registrations in July, up 225% annually.

Elon Musk’s automaker faces a number of challenges in Europe, including intense ongoing competition and reputational damage to the brand.

you are viewing a single comment's thread
view the rest of the comments
[–] 7 points 1 year ago (3 children)

Honestly, the only reason Western EV makers are still in business is thanks to trade barriers with China.

  • source
  • hideshow 3 child comments
  • [–] 7 points 1 year ago* (last edited 1 year ago) (2 children)

    And the only reason Chinese cars are so cheap is because of massive subsidies all throughout the supply chain.

    Edit: If you're going to spout whataboutisms, provide proof. Because for all intents and purposes, European manufacturers aren't nearly as subsidized as you think they are. Also note I stated "throughout the supply chain", which is far more substantial than a discount on buying an electric vehicle.

  • source
  • parent
  • hideshow 2 child comments
  • [–] 4 points 1 year ago

    Sure, but western companies have benefited from subsidies as well on so many levels, plus the government incentives to buy EVs.

    Chinese EV manufacturers are also owned by the government which collect the rewards for their investments, while western manufacturers give their CEOs fat paychecks.

  • source
  • parent