Electric vehicle sales are weak, with new car sales in Europe declining for the first time this year in March

European new car sales in March fell by 5.2% year-on-year, with pure electric new car sales dropping by 11.3% to 134,400 units. The electric car sales in the German market decreased by 29%. The market share of pure electric cars in the EU dropped from 13.9% in the same period last year to 13%. The market share of hybrid cars increased from 24.4% to 29%. Tesla's first-quarter deliveries decreased by 8.5% to approximately 386,800 units