Only a handful of models, such as the Dacia Spring or Leapmotor's T03, are on sale in Europe for under 20,000 euros, although 11 new models priced under 25,000 euros will go on sale this year, including Volkswagen's ID.2, the Renault R5, the Fiat Grand Panda, and the Hyundai Inster.

China's largest automaker, BYD, sold more electric cars in Europe than Tesla for the first time, according to research from JATO Dynamics. CBS News' Ramy Inocencio has more.

BYD has sold more electric vehicles in Europe than Tesla for the first time, marking a breakthrough for the Chinese group’s efforts to expand into overseas markets. BYD registered 7,231 fully electric cars in Europe last month compared with 7,