Several factors contributed to the Model Y’s success, including Tesla’s price reductions across all markets in 2023, which boosted sales in China and the United States. Moreover, American buyers have been able to take advantage of a federal tax credit of $7,500 since January, further incentivizing Model Y purchases.
Tesla celebrated this milestone, expressing gratitude to its owners for making the Model Y the best-selling car in the first quarter of the year via its official Twitter account. While it remains to be seen if the Model Y will maintain its lead throughout the year, its achievement is significant as it marks the first time an electric vehicle has surpassed gasoline-powered cars in terms of global sales.
