The automotive industry was rocked by the news that the Tesla Model Y has officially become the world’s top-selling car in the first quarter of 2023. According to data compiled by JATO, the Model Y sales figures from 53 markets, official data from 31 other countries, and estimates from professional organizations in other countries were all included.
It’s a historic moment as a pure electric car has claimed the top spot for the first time ever. Tesla CEO Elon Musk predicted this would happen at the shareholder meeting in August 2022. However, it was still considered a lofty goal due to the high price of the Model Y.
In 2022, the Model Y was the third best-selling car globally, selling 747,500 units in 152 countries, a massive 91% increase from the previous year. The RAV4 and Corolla were the top two spots before the Model Y. The Corolla sold 244,000 more units than the Model Y, and the RAV4 sold 268,000 more.
But the tide turned in the first quarter of 2023. The global price cut spurred a boost in Model Y sales, with 267,000 units sold, a 69% increase from the same period in the previous year. It was the best-selling model in Europe, with a 68% increase in sales in China and the US.
Toyota’s Corolla sold 256,400 units in the first quarter, with sales in China down 29% and sales in the US down 10%. However, the difference between the two is not substantial, and it’s unclear who will come out on top this year.
The remaining three models in the top five global sales chart are all Toyotas: the Hilux, RAV4, and Camry. It’s worth noting that the Model Y’s success is a significant milestone for the electric vehicle market. It signals a shift in consumer demand towards more environmentally friendly options, particularly in the luxury car segment.
Tesla’s success with the Model Y could prompt other car manufacturers to ramp up their electric vehicle production. It’s also worth noting that the Model Y’s success is not only due to its environmental credentials. It’s also an excellent car, with a range of features and capabilities that make it an appealing option for consumers.
Rise of the Tesla is a significant moment in automotive history, and it’s a sign of things to come. As more consumers become environmentally conscious, electric cars will become increasingly popular. The Tesla is leading the way, and it will be fascinating to see how other car manufacturers respond to this new trend in the years to come.