- Tesla Model Y: Q1 2023’s best-selling car.
- Model Y’s accessibility improved despite higher cost, thanks to Tesla’s price cuts and wider market availability.
- Potential for Model Y to exceed 1 million sales by year-end 2023, joining the Corolla as a milestone achiever.
The Tesla Model Y is now the world’s best-selling car in Q1 2023, according to JATO Dynamics.
Its sales have been steadily growing, and it achieved this milestone by selling 267,200 units in Q1. Despite being more expensive than the previous title holder, the Toyota Corolla, Tesla’s price cuts and wider availability have made the Model Y more accessible.
The Model Y’s sales growth and competitive pricing suggest it will likely remain the best-selling car for the whole year. In fact, it might even surpass 1 million sales by the end of 2023, becoming one of the few vehicles to achieve this milestone.
EVs offer a lower total cost of ownership, which is an advantage over traditional vehicles like the Corolla. Although the initial price may be higher, EVs require less maintenance and have lower fuel expenses.
Tesla’s dominance in the EV market has been propelled by the Model Y’s modern features, spaciousness and brand power. Its accessibility has been further improved by price reductions and increased market availability. As a result, the Model Y has become a popular choice among consumers worldwide.
The rise of electric vehicles signifies a significant shift amongst everyday drivers towards sustainability. The Model Y’s achievement highlights the growing acceptance and popularity of EVs. It sets an example for a future where environmentally friendly vehicles like the Model Y are in high demand and widely embraced. Will we ever see an ICE (internal combustion engine) vehicle on the top spot again?