The European car market is shrinking, but electric vehicle (EV) sales are surging. Key points:
Overall car sales in Europe declined by 3% in February.
EV sales increased by 26%, marking the best February ever for EVs.
Volkswagen surpassed Tesla in EV sales, with a 182% increase. Tesla's sales dropped by 44%.
Chinese brands like BYD, MG, and Polestar are gaining market share, with an 82% increase in sales.
Affordable EVs like Renault 5 e-Tech and Citroen ë-C3 are gaining popularity.