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European Car Sales Rise Modestly in Feb, Tesla Reverses Year-Long Skid

March 24 (Reuters) - New car sales in Europe rose in February after falling in January, while sustained demand for electric vehicles helped Elon ​Musk's all-electric brand Tesla resume growth for the first time since ‌December 2024, official data showed on Tuesday.

Overall car registrations, a proxy for sales, in the European Union, Britain and the European Free Trade Association were up 1.7% to ​979,321 vehicles sold in the month, according to the European ​auto lobby ACEA.

Two-thirds of those were electrified, either battery-electric, plug-in ⁠hybrid or hybrid.

The EU and Britain are walking back some regulations aimed at ​reducing CO2 emissions after pressure from domestic carmakers who say they are ​struggling to turn a profit on EV sales while fending off competition from Chinese rivals.

But battery-electric and plug-in hybrid sales have been steadily on the rise in Europe ​thanks to new, cheaper models coming into the market and national ​policies which encourage EV adoption.

Environmental groups warn that the repositioning of some petrol models ‌as "mild hybrids" ⁠has also contributed to growing EV sales, while only modestly lowering emissions.

TESLA EDGES UP, CLOSE TO BYD

Tesla's February registrations were up 11.8% year-on-year in February, reversing a thirteen-month negative streak, the ACEA data showed.

They were marginally ​lower than those ​of its Chinese ⁠competitor BYD, whose sales more than doubled from the same month of 2025. Both brands had a market ​share of 1.8% in the month.

Sales of top domestic ​carmakers Volkswagen ⁠and Stellantis rose by 2.2% and 9.5%, respectively, while Renault's fell by 14.3%.

In the EU, total car sales rose 1.4% to 865,437 vehicles.

Registrations of battery ⁠electric, ​plug-in hybrid and hybrid electric cars were ​up 20.6%, 32.1% and 10.1%, respectively, to account collectively for 67% of the bloc's registrations, up ​from 58.5% in February 2025.

Reporting by Alessandro Parodi; Editing by Jan Harvey

Source: Reuters


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