Elon Musk’s Tesla Model 3 and Y Dominate Global Market, Leaving Toyota and VW Behind

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The Tesla Model Y keeps to break records, this time emerging as the UK’s top best-selling car for the first time.

The June numbers reported by the Society of Motor Manufacturers and Traders (SMMT) show 5,539 units Tesla Model Y’s were sold in the UK in June with ICE vehicles Ford Puma with 5,453 and the Vauxhall Corsa with 4,146.

Overall, EV sales also grew significantly in the UK with 31,700 fully electric vehicles purchased in June 2023, up 39.4% year-on-year from 22,737 in June 2022.

Interestingly, Model Y sales in Australia were 21 vehicles higher than the UK figure in June at 5,560 despite Australia having a population 2.5 times smaller than the UK. The Model Y leapfrogged the Ford Ranger into second spot on the top best-selling vehicles list for June in Australia.

Electric vehicle market share achieved another record in Australia at 8.8% in June, up from 7.7% in May. Including Model 3 sales, Tesla purchased 7,018 EVs in June taking a remarkable 64% of the Australian EV market.

Comments from VW indicated that the demand problem arose due to reduced subsidies for EV buyers in Europe and the impact of inflation however these factors haven’t slowed Tesla sales growth suggesting VW’s problems lie more with their own models than an imagined general EV demand slump.

Toyota too produced just 8,000 electric vehicles in the first half of 2023, making up just 0.19% of its total production as the company continues to send mixed messages about its future. Earlier this week new details emerged from Toyota’s recent general meeting in which one shareholder asked “Can Toyota beat Tesla?”

This post was originally published on Smell The Musk

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