On Tuesday, the European Automobile Manufacturers' Association unveiled data revealing a 3.1% year-on-year decline in new car registrations, totaling 963,540 units. This marks the steepest drop in five months. Among key markets, Spain emerged as the sole bright spot with a notable 61% surge in electric vehicle registrations. Conversely, Tesla's new car registrations in Europe took a sharp dive, plummeting by 40% in February.
