Europe EV Sales Report: Decline in May, Tesla’s Deliveries Plummet, and Two Standout Performers
Recent data shows a 10% decrease in plugin vehicle registrations in Europe in May, with Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs) both experiencing declines. Despite challenges, standout performers include the new Volvo EX30 and the Tesla Model 3. With over half of the European car market now electrified in some form, traditional petrol and diesel vehicles are seeing declines.
Tesla Offers 0.99% Financing Deal on Model Y to Boost Sales
Tesla is offering a limited-time financing deal of 0.99% on the Model Y to boost sales and attract more customers. With high interest rates affecting demand, this move aims to provide a more affordable option for buyers. Eligible customers can secure this deal with a $4,250 down payment and a 72-month loan, resulting in monthly payments as low as $499. This offer presents a competitive financing option for the best-selling electric vehicle in the world.