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BMW overtakes tesla in European electric vehicle sales for the first time
BMW overtakes tesla in European electric vehicle sales for the first time
In July, Germany's Bayerische Motoren Werke AG (BMW) overtook Tesla Inc. in electric vehicle (EV) sales in Europe, becoming the market leader. According to Jato Dynamics, BMW's sales of fully electric vehicles in the region increased by more than a third to 14,869 units last month, while Tesla's sales fell by 16% to 14,561.
Tesla remains the leader in Europe for total EV sales this year, but it is losing ground to companies like BMW and Volvo Car AB. In total, 139,300 new electric vehicles were sold in Europe in July, 6% fewer than the same month last year. The Tesla Model Y remained the best-selling EV in the region in the first half of the year, but its sales fell by 16% in July. BMW's success is driven by strong demand for models like the i4 and iX1, which are outperforming comparable cars from Mercedes and Audi.
Demand for EVs in Europe is declining following the reduction or elimination of incentives for this market in countries like Germany and Sweden. As a result, some automakers, including Volkswagen and Mercedes-Benz, have had to revise their targets in the EV segment. Chinese automakers such as BYD Co. and SAIC Motor Corp. have been gradually increasing their presence in Europe this year, but the recent introduction of additional tariffs by the European Commission on EV imports from China has dampened this momentum.
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- Great East
- 25 August 2024 23:31
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- Energy
- 26 August 2024 07:30
Energy
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COP is one of the key platforms for addressing climate change issues, said Yalchin Rafiev, Azerbaijan’s Deputy Foreign Minister and Chief Negotiator for COP29, during a panel discussion at the media workshop "29 Dialogues on Climate: Road to COP29" on Saturday.
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In the first half of this year, 5.17 bcm of gas were transported from Azerbaijan to Italy via the Trans-Adriatic Pipeline (TAP). According to the Italian Ministry of Environment and Energy Security, 4.901 bcm were delivered to Italy in the same period last year.
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Azerbaijan's revenue from operating major gas pipelines, including the South Caucasus Pipeline (which exports gas from the “Shah Deniz” field), amounted to 1.359 billion AZN ($799.9 million at the current exchange rate) in the first half of 2024. According to a report from the State Statistics Committee of Azerbaijan, this income increased by 7.8% compared to January-June 2023.
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The tanker "Khankendi," of the "Aframax" type and under the Azerbaijani flag, has started operations (this is the fourth such tanker in Azerbaijan), the press service of the Azerbaijan Caspian Shipping Company (ASCO) reported this news at the end of last week.
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