EVs Take 30.3% of Portugal's Registrations This Year; Tesla Leads EV Brands With 9,673
Battery-electric cars made up 30.3% of new registrations in Portugal from January to October. Tesla was the leading EV brand with 9,673 registrations, up 62.5%. BMW had 5,552 and Mercedes-Benz 4,424.
By the Tesla News Wire staff · Edited by Seamus McKenna · · 2 min read
Almost one in three new cars registered in Portugal this year is fully electric. Notícias ao Minuto and Jornal Económico report a 30.3% year-to-date share.
October
Portugal registered 7,452 battery EVs in October, up 61.4%. That was 44.9% of the market for the month.
Leading EV brands, January–October
Tesla: 9,673, up 62.5%.
BMW: 5,552.
Mercedes-Benz: 4,424.
Why it matters
Portugal is now one of Southern Europe's strongest EV markets, well ahead of Italy and Spain in share. Tesla's lead there contrasts with its weaker month in Italy.
For information only, not investment advice. Price targets and estimates are attributed to the named firms and data providers.
Go to the original sources
This article is an original summary written from the sources below. We encourage readers to visit them for full coverage. Spot an error? Tell us.
The Tesla news that matters to owners and investors, from software versions to delivery numbers, in one short email. Free, and you can unsubscribe anytime.
We use your email only to send the Tesla News Wire newsletter. Details in our privacy policy.
Ireland registered 1,092 new battery-electric cars in October, up 55% from 706 a year earlier, according to SIMI data. That was 27.74% of the market. Volkswagen's ID.4 was the top EV, and October's top car overall. Tesla's Model Y was second and Model 3 fourth among EVs.
Italy registered 8,122 battery-electric cars in October, 6.1% of the market. BYD's Dolphin Surf was the top-selling EV with 632 registrations. Tesla's Model Y had 335 and the Model 3 had 162.
UBS analyst Joseph Spak upgraded Rivian to Buy on Nov. 2 and set a $17 price target, which implies about 40% upside. He cited demand for the R2 and Rivian's margin outlook. Jefferies upgraded the stock last week.