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EV sales slide in Europe, led by German plunge

STORY: Sales of new battery-electric cars in the EU dropped sharply in May.

They were down 12% from a year before, led by a 30% plunge in Germany.

That's according to data released Thursday by Europe's auto industry body.

The market share of fully electric cars fell to 12.5%, down from a year ago.

However, electrified vehicles as a whole, including hybrids, made up just under half of all new EU passenger car registrations in May, slightly up from a year before.

Overall new car sales in the EU fell 3% in May from a year before.

Demand for EVs in Europe has cooled in recent months, after rising strongly for several years.

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Competition to produce more affordable models has also grown.

Last week, the European Commission said it would impose tariffs of up to 38.1% on China-made EVs from July.

It's aimed at protecting domestic automakers from an influx of cheap EV imports.

Tesla said last week it expected to raise the price of its China-made Model 3 due to the EU measures.

Elon Musk's company recorded a drop of more than a third in May sales in the EU.