16-03-2019

Tesla Model 3, Europe's Best Selling Electric Vehicle

EV's

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While the Tesla and the electric wave is still far away in the Indian sub-continent, Tesla in making waves across Europe. This time it’s the Tesla Model 3 making headlines as the most selling electric vehicle in Europe.

As per industry analyst Jato Dynamics, a total of 3657 units of the Tesla 3 were sold last month, benching it way past the Nissan Leaf, BMW i3 and Hyundai Kona Electric.

The Tesla Model 3 was launched in Europe late January and such a huge- sales pick up was not expected at-least till the fifth- sixth month of the launch as per Mr Felipe Munoz, global analyst for Jato Dynamics.

The sales chart as a matter of fact did so well that the Tesla also took on the badge of best-selling mid- sized saloon beating the likes of Mercedes- Benz C- class, BMW 3-series and Audi A4.

In a year which has seen high rate of overall automobile sale decline, the Model 3’s success stands out quite spectacularly. As per the same report, the industry has seen a drop of 1.3% in sales compared to the same period last year in 2018.

The Tesla Model 3’s success is indicative of the increasingly large market share held by EVs in Europe. Despite only accounting for 1.9% of new vehicle sales in February, the EV segment experienced a 92% increase last month with 20,000 new registrations. In Norway alone, 40% of new cars sold in February were electric.

While the Model 3’s early success is notable, its sales were dwarfed by the best-selling conventionally fuelled cars. The best-selling car in Europe in February was the Volkswagen Golf, with 31,769 sold despite the impending arrival of the eighth-generation version next year.

Tesla has indicated a tentative mid- 2019 date for the Model 3 launch in India, however it is to be highlighted that the Tesla model 3 will be completely imported unit and is expected to fall in the range of INR 75 lakh a whopping Rs 50 lakh difference compared to the US and European markets.

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About Author
Nilesh Sawant
Nilesh Sawant

With an experience of over 3 lac kms of driving across the continents and with extensive experience of driving on the tracks, and passion for technical things around anything on wheels, reviews written by Nilesh are crisp and to the point.  



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