Tesla's Model Y electric SUV has made history, becoming the world's best-selling vehicle in 2023, according to data from JATO Dynamics. This is the first time that an electric vehicle has topped the global annual sales charts, and it is a major milestone for the automotive industry.
Model Y Outsells Toyota RAV4, Corolla
The Model Y sold over 1.2 million units worldwide in 2023, beating out the Toyota RAV4, which was the best-selling vehicle in 2022. The Toyota Corolla hatchback came in third.
Tesla’s success with the Model Y is due to a number of factors, including its affordability, production capacity, and long-range capabilities. The Model Y starts at $58,990 in the United States, making it more affordable than many other electric vehicles on the market. Tesla has also been able to ramp up production of the Model Y, which has helped to meet demand.
Model Y Demand Strong in China, Europe
Demand for the Model Y was particularly strong in China, where it sold over 456,000 units in 2023. The Model Y was also the best-selling vehicle in Europe in 2023, with over 255,000 units sold.
Tesla delivered a total of 1.8 million vehicles worldwide in 2023, up 65% from 2022. The company’s Model 3 and Model Y accounted for 1.77 million of those deliveries.
Tesla’s success with the Model Y is a major milestone for the electric vehicle industry. It shows that electric vehicles are becoming increasingly popular with consumers, and it is likely to lead to even more growth in the years to come.