Tesla Model Y EV Car: With a range of 525kms and Autopilot technology, this vehicle can create waves in the market, details

Tesla Model Y EV Car: The Tesla Model Y is now the first all-electric car and has been hailed as the best-selling car in the world. The electric car has outsold the Toyota RAV4 and Corolla models, taking the top spot in global sales in the first quarter of 2023.

What will be the price?

The 2023 Model Y starts at $47,490, which is significantly higher than the 2023 Corolla ($21,550) and RAV4 ($27,575). In comparison to the 256,400 Corolla and 214,700 RAV4 sold in the first quarter of this year, the Tesla Model Y sold 267,200 units internationally.

Know about the demand and popularity

Even in 2016, Tesla CEO Elon Musk predicted that this model will see demand "in the 500k to 1 million unit per year level." Musk claimed that the Model Y would overtake all other vehicles in the world in 2021. "We predict that the Model Y will be the most popular automobile sold worldwide. very likely next year. He had previously told investors, "I'm not absolutely confident next year, but I think it's extremely likely.

Know about the sales

With a market share of more than 50% and more vehicles sold than all other automakers combined, Tesla continues to dominate the US electric vehicle (EV) market. According to Counterpoint Research, EV sales will rise to 7% of total passenger vehicle sales in the US in 2022.

Tesla Model Y EV Car: Dominator

According to research analyst Abhik Mukherjee, "Tesla is dominating the US EV market while other automotive giants like Ford, General Motors, Stellantis, Volkswagen and Hyundai are struggling to provide strong competition." Additionally, Mukherjee continued, "it is anticipated that Tesla will take an even bigger market share given the recent price reductions by Tesla and the fact that all versions of the Model Y are now qualified for the EV tax credit subsidy.

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