Tesla Continues Its Decline, BYD Surges Ahead As Electric Vehicles Exceed Gasoline Market Share In Europe – Tesla (NASDAQ:TSLA)

Electrified vehicles accounted for a bigger market share of the European auto sector than their gasoline counterparts.

Gasoline Registrations Drop

Gasoline registrations fell in the market towards the end of the year by 18.7% in 2025 in the EU, according to data released by the European Automobile Manufacturers’ Association (ACEA) on Tuesday. The market share for Gas-powered vehicles fell to 26.6% from 33.3% a year earlier.

On the other hand, Hybrid Electric Vehicles (HEVs) accounted for 34.5%, while Battery Electric Vehicles (BEVs) held 17.4% of the market in 2025, as BEVs sold 1,880,370 units in the EU, with the larger market accounting for 2,585,187 units, up almost 30% YoY.

Tesla Declines, BYD Surges

Tesla sales have been on the decline for quite some time, with the company’s Cybertruck sales falling 48% in 2025. Tesla also started selling the Cybertruck in the Middle East.

However, BYD’s domestic performance in December fell short in comparison to the overseas market as the automaker sold 420,398 units in December 2025, which represented an 18.34% YoY decline from 2024.

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