Zapping Auto Moto Hyundai Ioniq 5 N: contact with the 650 hp electric battery!
It’s a small earthquake that has just occurred on the automotive world. For the very first time in history, a zero-emission model sits at the top of sales, according to the first data collected by the Jato organization. Without much surprise, it is the Tesla Model Y which wins, with a clear lead over Toyota.
And two victories for Tesla!
The American brand is in fact creating a doublet. Because, let’s remember, the Model Y has also established itself on the Old Continent… ahead of European manufacturers, historically more popular there for obvious reasons. According to the latest reports from Jato, just over 255,000 units were registered in Europe last year, a little more than what Automotive News Europe announced a few days ago.
In China, another important market for Tesla and for electric cars in general, more than 456,000 Model Ys have found buyers. In total, 1.23 million units were delivered worldwide, an increase of 64% compared to 2023. When we say that we are not surprised to discover these results, it is because it is is regularly placed at the top of the rankings throughout the year. This victory is nothing other than the confirmation of what seemed inevitable.
Double setback for Toyota
For Toyota, on the other hand, it is a double defeat. On the one hand, the Toyota Corolla is no longer in the lead as has been the case since 2005. Worse still, it landed in 3rd place, behind its big brother the RAV4, which is usually always well placed. Also. Is this yet another sign of the domination of SUVs over traditional sedans? It must be recognized that the current generation of the compact is no longer very young, it was launched in 2018. A complete renewal could allow it to regain momentum. We are naturally eager to see the 2024 results to see whether or not this was just a passing accident.
A difficult year 2024 for Tesla?
Either way, the Model Y’s dominance might not last forever. This, for the simple reason that if Tesla got to this point, it is certainly not by chance. It must be said that the SUV has had a series of price reductions. However, the competition has since reacted. Either by entering the electric market or by applying a price reduction or by combining these two options and arriving with new models displayed at competitive prices. In France, the Renault Scenic could well cause harm to the Model Y, and examples of this kind are multiplying outside our borders.
The other concern, as rightly noted Automotive News Europe, is that cutting corners on prices has a direct impact on margins. Between 2022 and 2023, that of the American manufacturer fell by 7.6 points. In fact, it is investors who are starting to worry. By playing on those, he could well lose a few on the road. And Elon Musk, the famous CEO of the Californian brand, blames it – just like Carlos Tavares – on China which will, let us quote him, “demolish” international competition without trade barriers. What this means is that Tesla will not be able to continue this policy of reducing prices for long. And the Model Y will certainly lose interest from consumers as the competition increases. Fortunately for Tesla, the “Redwood” project is in the starting blocks…
Join Auto-Moto on WhatsApp so you don’t miss any car and 2-wheel news!
Also read on Auto-Moto.com:
New Porsche Macan: first contact with the second generation of the SUV, now 100% electric
Is there still room for major car shows?
The Hyundai Casper arrives in Europe at the end of 2024
To sum up
The (partial) results are in, the Toyota Corolla has lost its crown as the most popular vehicle across the globe. To be frank, she was even relegated to 3rd place.
rewrite this content and keep HTML tags