Tesla Model 3 electrifying sales in Europe
New data from Jato has revealed the Tesla Model 3 made significant inroads into the European car market in February, immediately becoming the most popular EV in its first full month of sales.
Despite not being available in the UK yet, the Model 3 outpaced registrations of other big players in the EV market across much of Europe. The Nissan Leaf and Renault Zoe, despite being more affordable, were less popular than the new American EV. It also significantly outstripped demand for the upmarket I-Pace, with 891 of the all-electric Jaguars being registered.
But even more remarkably, the Tesla Model 3 achieved another record in February, as it became the top-selling premium midsize sedan in Europe – outperforming the popular Mercedes-Benz C-Class, Audi A4 and BMW 3 Series.
Felipe Munoz, JATO’s global analyst, commented, “The performance of the Model 3 is remarkable, given we normally don’t see this kind of result until four or five months after a new car has hit the roads.
“As we’re seeing in the US, Tesla is also shaking up the European market. Its long-lasting impact will depend on how quickly the German premium makers, Volvo and JLR react to the arrival of the Model 3 to Europe and how quickly they can bring in their own midsize electric cars.”
With right-hand drive model deliveries set to begin in mid 2019, it’ll still be a while before we get Model 3s on the UK’s road. However, if you fancy a Tesla right now, you can find lease deals on the Model S and Model X by clicking here.
What about the wider market?
1.14 million vehicles were registered in February, marking the sixth consecutive month of decline for the European market. The biggest fall was recorded in Sweden, while a scrappage scheme in Romania saw registrations grow by an impressive 35.7%.
Away from Tesla’s success, the number of all-electric vehicles continued to grow, with year-on-year growth standing at 92%. That said, pure EVs still account for just 1.9% of the European market overall. They’re most popular in Norway and the Netherlands, while demand increased by a huge 81% in Germany, too – making the latter the largest market for EVs in February.
Meanwhile, diesel registrations fell once again in February, although their market share did stabilise at 34%. This was due to an 8% increase in registrations in Germany, which helped to offset double-digit falls in Italy, France, Spain and the UK.
SUVs, vans and sports cars were the only segments to grow during the month, as compact and midsize cars, and MPVs recorded large drops. Registrations of SUVs were up by 10% to 421,500 units, as they posted a market share of almost 37%. Small SUVs recorded 167,000 registrations, as demand increased by 13%, while compact SUVs saw 178,000 registrations and a 10% increase in demand.
Which manufacturers are winning?
VW Group continues to lead the way, with the Golf being Europe’s most popular car (it also happened to be Leasing.com’s most enquired model last year, too). PSA Group saw vehicle registrations increase too, largely thanks to the Citroen C5 Aircross.
The UK’s most popular cars – the Focus and Fiesta – were placed in sixth and eighth position overall. Meanwhile, the VW T-Roc climbed the rankings to become Europe’s favoured SUV, outpacing demand for both the the Tiguan and Nissan Qashqai. It was the best performing SUV in Austria, Luxembourg and the Netherlands, and the second best in Germany, Croatia, Denmark and Italy.