Tesla's Huge Sales Spike In Korea Shows What EV Buyers Still Want
Briefly

Tesla's Huge Sales Spike In Korea Shows What EV Buyers Still Want
"Tesla recorded 11,130 registrations in March, up from 2,591 a year earlier, indicating a significant rebound in sales following price reductions on key models."
"The Model Y, Model 3 Long Range, and Model 3 were the three best-selling imported models in South Korea, showcasing Tesla's dominance in the market."
"Tesla's registrations jumped 315.1% in Germany and 203% in France, reflecting a broader recovery in sales across Europe, although some markets still show declines."
Tesla's sales in South Korea increased by 330% year-over-year in March following price cuts on certain Model 3 and Model Y variants. The company accounted for 69% of the imported EV market in Korea, significantly outpacing competitors like BYD and Hyundai. Despite a global sales decline over the past year, Tesla's registrations also rebounded in Europe, with notable increases in Germany and France. However, the demand remains uneven across different markets, with some regions still experiencing declines in registrations.
Read at insideevs.com
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