So not purely electric but they have batteries and motors in them - is that the distinction you’re making?
Are you also disagreeing that car sales are shifting mostly to cheap Chinese vehicles not European or American brands? To me it still looks like if people are moving away from Tesla for political reasons, they apparently align with the CCP. Which doesn’t make sense to me since China is a dictatorship.
I am disagreeing with that, yes. If you look at BEV sales, there are no Chinese vendors in the top ten; looks like the Tesla sales went to BMW, VW AG, and Toyota. Maybe Nissan to some extent. Tesla sales would generally shift to other BEVs, not hybrids.
MG is basically just noise in the broader market. Like, a whole 2.3%!
One piece of context that you may be missing is that hybrids are the single biggest chunk of the European market, about 40% (I gather they’re way smaller in the US), so MG’s 2.3% isn’t hugely impressive.
Why do you think Tesla sales would shift to other BEVs not other types of cars? I feel like this is more about the whole car market and where sales are going. Is there data showing an equivalent increase in BEV sales specifically from European or American brands that equals Tesla’s lost sales?
Electric car sales are up in Europe year on year. Tesla sales are down. Chinese cars are not a significant part of the BEV market. I mean, come on, now, do the maths.
Are you also disagreeing that car sales are shifting mostly to cheap Chinese vehicles not European or American brands? To me it still looks like if people are moving away from Tesla for political reasons, they apparently align with the CCP. Which doesn’t make sense to me since China is a dictatorship.