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The best-selling car in the world is electric: That's why the front-runner is so popular

2024-02-02T18:00:39.312Z

Highlights: The best-selling car in the world is electric: That's why the front-runner is so popular.. As of: February 2, 2024, 6:43 p.m By: Patrick Freiwah CommentsPressSplit Tesla is the front runner for the first time - and with it an electric car. Preliminary data suggests that Tesla's compact electric SUV will take first place with around 1.23 million vehicles sold over twelve months. Previous leader Toyota ended up in second and third place, with the RAV4 and Corolla (1.01 million) models.



As of: February 2, 2024, 6:43 p.m

By: Patrick Freiwah

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The best-selling car in the world has a new titleholder: Tesla is the front runner for the first time - and with it an electric car.

What Elon Musk does right and others do wrong.

Austin/Munich - In Germany and other parts of the world, electric cars are controversial and sometimes slow to sell.

However, Tesla shows that it is possible to sell battery-electric vehicles in large quantities - and profitably.

The pioneer can regularly demonstrate progress in the field of e-mobility, be it in the areas of development and production, or in terms of constantly growing sales figures.

Now Elon Musk's company has reached another notable milestone.

For the first time, an electric car will be the best-selling car in the world.

A study by JATO Dynamics shows that the Tesla Model Y was delivered so often from January to November 2023 that an electric car appeared at the top of the rankings for the first time.

Best-selling car in the world: Tesla Model Y surpasses Toyota

Preliminary data suggests that Tesla's compact electric SUV will take first place for the first time with around 1.23 million vehicles sold over twelve months.

The previous leader Toyota ended up in second and third place, with the RAV4 (1.07 million) and Corolla (1.01 million) models.

According to the information, Tesla's Model Y was the best-selling car in both Europe and China, regardless of drive type.

JATO explains that these are the two largest markets for electric vehicles.

According to the data institute, it is noteworthy that the Tesla SUV has a whopping increase of 64 percent compared to the previous year.

Last year, the Tesla Model Y was the first electric vehicle to achieve status as the most popular car in the world.

© Aton Chile/Imago

More than 450,000 models were shipped to China last year, and 255,000 Model Y units were purchased in Europe (30 countries were taken into account).

On the local continent, the US manufacturer has left popular combustion engines such as the Dacia Sandero, Peugeot 208 and VW T-Roc behind.

In Germany, the global leader ended up in eighth place in the KBA rankings.

Tesla SUV is the best-selling car in the world - these are the reasons

What are the reasons that Tesla can demonstrate such success in a difficult e-car market environment?

An analyst from JATO Dynamics explains the successful strategy that is giving the competition worry lines: 

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  • Pricing strategy:

    Tesla electric cars are cheaper than battery-powered competitors.

    “The average sales price of a Tesla Model Y in November was 18 and 23 percent lower than the average cost of an electric vehicle in Germany and the USA, respectively,” said Felipe Munoz.

    In addition, there are price reductions, which will increase sales worldwide in 2023.

  • Reputation:

    According to market analysis, Tesla enjoys a reputation as a reliable and competitive electric car manufacturer, which further boosts the already high demand.

    Accordingly, Tesla is the potential first port of call for many electric car buyers when it comes to the question of a suitable BEV model.

  • Delivery times:

    According to

    Autobild

    , the short delivery times also play a role in the popularity of the Tesla Model Y: It would usually not take longer than a month between order and delivery.

Tesla electric car as a global bestseller - “The increase is unprecedented”

According to JATO Dynamics, it is “remarkable” what Tesla has achieved with the Model Y acceleration miracle in such a short time - especially considering that the electric car has only been on the market for four years.

“The increase in global sales of Model Y is unprecedented, especially for a vehicle that is a top 10 best-seller.”

Tesla itself has already stated that the Model Y was the best-selling car in the world in 2023.

“For a long time, many people doubted the profitability of electric cars.

Today, the best-selling vehicle in the world is an electric car,” said a press release.

However, Tesla was recently dethroned as the world's most popular electric car manufacturer.

(PF)

Source: merkur

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