Tesla's European Sales Decline Continues Amid Market Challenges

New car registrations in the EU declined overall in the first five months of the year, with a significant increase in electric vehicle sales, especially in Germany, Belgium, and the Netherlands. Hybrid cars now dominate the market, while traditional petrol and diesel cars lose ground. Tesla's sales dropped by 45.2%, but Chinese automaker SAIC Motor outperformed Tesla with a 49.1% sales increase. Volkswagen remains the market leader, and overall, the EU car market is shifting towards electrification despite some country-specific variations.