BMW surpasses Tesla in European EV sales for the first time

23 Aug 2024 CW Team

BMW has overtaken Tesla to lead the European battery electric vehicle (BEV) market for the first time, according to a report by market research firm JATO Dynamics. In July, the German automaker sold 14,869 BEV cars, approximately 300 more than Tesla.

This shift highlights the growing success of traditional automakers in the electric vehicle market, driven by government policies and strong brand loyalty, after previously trailing behind pure electric-vehicle manufacturers like Tesla.

Felipe Munoz, Global Analyst, JATO Dynamics, commented on the broader market trends, noting, "The lack of clarity around incentives and the future of EVs continues to be a barrier for consumers considering an EV. These factors, along with the low residual value of EVs, contributed to the decline seen in July."

While Tesla remains the dominant player in the global EV market, traditional automakers like BMW and Volvo are rapidly gaining ground, partly due to uncertainties around EV subsidies and incentives. Additionally, reports suggest that Tesla CEO Elon Musk's polarizing public persona has influenced consumer sentiment toward the brand.

BMW saw a 35% increase in sales in July compared to the previous year, while Tesla experienced a 16% drop in registrations. Overall, around 139,300 new electric cars were registered last month in Europe, marking a 6% decrease from July 2023. The market share of EVs also slipped to 13.5% from 14.6% a year earlier. (ET)

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..