DarkandStormy
Active Member
Q1 24 will be less than 10% lower than the best quarter in 2023 in EU. Keep in mind that it was the European market that was impacted by delays caused by the Houthis and by the Berlin fire. I consider this a very good result.
Belgium and Flanders are also demonstrating what good incentives can do. On the company car market, making non-EV’s non-tax-deductible is a zero-cost incentive for the government. I’m pretty sure this model will be adopted in other EU countries, in particular the countries that previously had generous subsidies and stopped them because it got too expensive. In Flanders the regional government introduced a 5K euro subsidy for individuals, but with a price limit of 40K probably designed to exclude Tesla. But Tesla is now giving inventory discounts on the most basic black and white cars lowering the priced to 39990 euro. As a result Q1 is 2x the 2023 quarters.
Another perspective is that individuals can now buy a Tesla for less than what I paid for my Prius 15 years ago! Who is still saying that EV’s are expensive?
Per @Troy those weren't issues as the EU has plenty of available inventory