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Tesla Model Y Jumps 22 Spots to Become the Best-Selling Vehicle in Europe for Q1 2023

According to newly released data, in the first quarter of 2023, the Model Y has become the best-selling vehicle in Europe. And even more impressively, the Model Y was able to beat not only battery-electric vehicles but also internal-combustion vehicles with a significantly lower starting price.

The Tesla Model Y has become the best-selling vehicle in Europe for the first three months of 2023, jumping 22 spots to claim the number one spot. And this is compared to both electric and internal combustion vehicles (ICE).

The electric SUV showed an impressive 173% increase in sales compared to the same period last year. In the first 3 months of the year, Tesla has sold close to 77,000 Model Ys in Europe, this is a significant growth from Q1 2022 when Tesla sold a little over 22,000 vehicles.

Tesla’s best performance in the first quarter of the year came in March when Tesla delivered 46,061 vehicles in a single month. This is more than 3 times the second best-selling electric vehicle, which is the Tesla Model 3, and more than 80% more than the second best-selling ICE vehicle, which was the Vauxhall Corsa.

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Following February, March’s performance marks the second time in the same quarter that the Model Y has become Europe's best-selling vehicle. And together with January’s and February’s numbers, this was enough to clinch the Model Y the title of the best-selling vehicle in the first quarter in the whole of Europe.

Even more impressively, the Model Y has been able to achieve this feat beating internal combustion vehicles with significantly lower starting prices, such as the Dacia Sandero, Volkswagen Golf, and Peugeot 208, which came in 2nd, 3rd, and 4th respectively.

The Model Y's success in Europe can be attributed to its sleek design, impressive performance, and advanced technology. The Model Y has also become more attractive to customers after price cuts introduced by Tesla. The fact that the Model Y has beaten vehicles with significantly lower starting prices is a testament to its popularity and appeal.

Another critical factor in helping propel the Model Y to the top of the best-selling vehicles list in Europe is the successful ramp of Tesla’s Gigafactory in Grunhide, Germany. In Q1 2023, Giga Berlin reached a weekly production rate of 5,000 vehicles, giving the plant a run rate of 250,000 vehicles a year.

Following Giga Berlin’s success, Tesla has already started hiring to expand working hours at the plant to a 4th shift. With this addition of a 4th shift, Tesla plans to increase the production rate of the plant to 10,000 vehicles a week or 500,000 vehicles a year.

In addition to Europe, the Model Y is also breaking records everywhere the vehicle is sold. In China, the Model Y has become the best-selling electric vehicle in the first quarter of the year. Model Y has also clinched the same honor in the US.

Last year, the Model Y was the best-selling vehicle in the world by revenue & fourth best-selling vehicle in the world by sales, with more than 750,000 units sold. However, this year, the Model Y is on pace to become the best-selling vehicle in the world dethroning the Toyota Corolla which sold over 1.1 million units. This will be a remarkable achievement for Tesla, which has only been producing vehicles for a little over a decade.

This is all well and good, however, the Model Y’s success has sadly come at the expense of the “older” Model 3, which saw a 42% drop in registrations in March and a 40% decrease for the whole quarter.

Having said that, this is still an impressive achievement on Tesla’s part and we will keep you posted on the EV maker’s continued growth throughout the year. Until then make sure to visit our site regularly for the latest updates.

So what do you think? Excited to learn that the Model Y has become the best-selling vehicle in Europe? Also, what do you make of the Model 3’s decline? Let me know your thoughts in the comments below.

Image: Courtesy of Tesla, Inc.

For more information check out: Elon Musk Reminds Tesla Investors of Stock's Remarkable Rise Amid Falling Share Price

Tinsae Aregay has been following Tesla and The evolution of the EV space on a daily basis for several years. He covers everything about Tesla from the cars to Elon Musk, the energy business, and autonomy. Follow Tinsae on Twitter at @TinsaeAregay for daily Tesla news.