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Tesla Taking Hits from Consumers and Investors Alike
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Tesla is in decline, SUVs are king, and more insights from the world’s largest electric-vehicle market MarketWatch 2/6/2021 © AFP via Getty Images
Europe overtook China in 2020 to become the world’s largest market for electric vehicles, amid a pedal-to-the-metal push to increase EV adoption from governments and supercharged demand from consumers.
The registrations of new electric vehicles topped 1.33 million in the key European markets last year, compared with 1.25 million in China, according to a report based on public data by automotive analyst Matthias Schmidt.
The 18 markets include the European Union states minus 13 countries in Central and Eastern Europe as well as the U.K., Norway, Iceland, and Switzerland.