BMW overtakes Tesla in European EV sales for first time

starlights · 08-22-2024, 03:49 PM

(Reuters) - BMW led the European battery electric vehicle (BEV) market for the first time, beating U.S. automaker Tesla, according to market research firm JATO Dynamics.

The German auto giant sold 14,869 BEV cars in July, about 300 more than Tesla last month.

WHY IT'S IMPORTANT

The data underscored traditional automakers' success in the market after trailing pure electric-vehicle manufacturers, driven by government policies and brand royalty......
https://finance.yahoo.com/news/bmw-o...155402394.html

DrVenture · 08-22-2024, 05:58 PM

It was bound to happen eventually. All the automakers are throwing their vast resources and decades of experience into taking market share. This is likely just the start. From Teslas POV, it is theirs to lose. And happening at a time when EV sales are plateauing. A double whammy.

URBAN LEGEND · 08-22-2024, 09:12 PM

Good. Tired of all the Elon bs and old ass models. I just returned my Plaid on a 3 year lease. Never again will Tesla get a cent from me.

BlkGS · 08-23-2024, 12:00 AM

As much as I don't like Teslas, I suspect in the end it means little. The really interesting part is that BMW, not VW took the top spot. Even in Europe where BMW is a little more mainstream, it's a higher end brand. That suggests that EV adoption is still basically a rich man's game, and that .ore mainstream buyers are still choosing ICE over BEV, which isn't surprising I suppose.

08-22-2024, 03:49 PM	#1
starlights Captain 299 Rep 642 Posts Drives: G05 50i Join Date: Nov 2018 Location: Under a Rock iTrader: (6)	BMW overtakes Tesla in European EV sales for first time (Reuters) - BMW led the European battery electric vehicle (BEV) market for the first time, beating U.S. automaker Tesla, according to market research firm JATO Dynamics. The German auto giant sold 14,869 BEV cars in July, about 300 more than Tesla last month. WHY IT'S IMPORTANT The data underscored traditional automakers' success in the market after trailing pure electric-vehicle manufacturers, driven by government policies and brand royalty...... https://finance.yahoo.com/news/bmw-o...155402394.html
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08-22-2024, 05:58 PM	#2
DrVenture First Lieutenant 1329 Rep 399 Posts Drives: M550i 2022 Join Date: Jul 2024 Location: Midwest iTrader: (0) Garage List 2022 BMW [0.00]	It was bound to happen eventually. All the automakers are throwing their vast resources and decades of experience into taking market share. This is likely just the start. From Teslas POV, it is theirs to lose. And happening at a time when EV sales are plateauing. A double whammy. __________________ Carbon Black - Debadged\|Mocha Nappa\|DHP\|DAP\|Premium Pkg\|Luxury Seating\|M668 w/ DSW06+ Last edited by DrVenture; 08-22-2024 at 06:03 PM..
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08-22-2024, 09:12 PM	#3
URBAN LEGEND Rocky 436 Rep 3,097 Posts Drives: 16 M5, 18 ZL1 1LE, 18 M3 Join Date: Feb 2009 Location: Brenham TX iTrader: (0)	Good. Tired of all the Elon bs and old ass models. I just returned my Plaid on a 3 year lease. Never again will Tesla get a cent from me.
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08-23-2024, 12:00 AM	#4
BlkGS Colonel 3386 Rep 2,676 Posts Drives: BMW X5 M50i Join Date: Dec 2023 Location: FL iTrader: (0) Garage List 2009 Chevrolet Trai ... [0.00] 2012 Chevrolet Corv ... [7.62] 2021 BMW X5 M50i [0.00]	As much as I don't like Teslas, I suspect in the end it means little. The really interesting part is that BMW, not VW took the top spot. Even in Europe where BMW is a little more mainstream, it's a higher end brand. That suggests that EV adoption is still basically a rich man's game, and that .ore mainstream buyers are still choosing ICE over BEV, which isn't surprising I suppose.
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