Car sales in Europe surged in April thanks to high demand for electric and hybrid models. Tesla (NASDAQ:TSLA) continued to regain its foothold in the region, while Chinese automakers are increasing their market share despite escalating trade tensions.
According to ACEA data released on Tuesday, the number of new car registrations in the EU rose by 5.1% year-on-year in April, totaling 972,314 units. Sales of fully electric vehicles skyrocketed by 37.7% for the month, significantly outpacing the overall market.
April registrations for Tesla in the EU surged by 67.2% compared to the same period last year, totaling 9,169 vehicles, with market share increasing from 0.6% to 0.9%. This suggests that the American electric vehicle maker might be pulling off a recovery after a prolonged downturn in Europe.
Chinese automakers also demonstrated significant growth. BYD Co (HK:1211) more than doubled its April sales in the EU, while registrations for Chery Automobile (HK:9973) increased nearly fourfold. SAIC Motor, the owner of the MG brand, reported a 24.6% rise in April sales.
In the first four months of 2026, car registrations in the EU jumped 4.2%, with fully electric vehicles capturing 19.7% of the market, up from 15.3% last year.
Tesla's sales from January to April rose by 61.7%, while BYD skyrocketed by 152.9%.
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