News on July 13, according to the latest Kelley Blue Book data, in the first five months of this year, Tesla Model Y's new car registrations in the United States have increased significantly compared to the same period last year, more than doubling.
Data shows that between January and May 2023, electric vehicles accounted for 7% of total new car registrations in the United States, higher than 4.6% in the same period last year. Tesla Model Y has played a major role in driving this growth, with new car registrations up 103% year-on-year.
The Tesla Model Y achieved huge popularity last quarter and became the best-selling model in the world, with the sales boom in the Chinese market playing an important role. It is worth noting that Tesla’s decision on Model this year 3 and Model Y have undergone multiple price cuts, triggering price competition in the electric vehicle market.
As a popular model, Tesla Model The Y blends comfort and practicality, with a 15-inch touchscreen and immersive sound system as standard, and can accommodate five passengers and their carry-on luggage. The second-row seats fold flat individually, while the liftgate opens directly to the bottom of the trunk. In addition, Tesla Model Y adopts a center of gravity design located in the middle of the vehicle bottom, with a high-strength body structure and sufficient impact buffer zone. It is equipped with two ultra-sensitive independent motors and can accelerate from 100 kilometers to 100 kilometers in just 3.7 seconds.
As far as I know, Tesla’s global deliveries in the first quarter of this year have grown rapidly, reaching more than 422,000 vehicles, a year-on-year increase of 36%. Total revenue also increased by 24% to $23.33 billion. However, it should be noted that Tesla has implemented a global price reduction policy since January this year, resulting in a 24% drop in net profit for the quarter to US$2.513 billion.
Based on the above data, Tesla Model Y performed well in the US market, with significant growth in new car registrations reflecting consumers' growing preference for electric vehicles. While Tesla continues to lower prices, it has attracted more consumers to choose electric models by providing comfort, practicality and high performance features. As electric vehicle technology continues to develop and market competition intensifies, we can expect electric vehicles to further expand their market share in the future.
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