Tesla cars have never been more popular, and one of them is on the verge of dethroning a long-standing leader. The Tesla Model Y is set to leapfrog the most popular internal combustion engine (ICE) cars to become the best-selling car in the US, according to data reported by WolfStreet.
After becoming the best-selling car globally last year, the Tesla Model Y is gunning for the top spot on its home turf, the US auto market, where it will dislodge the most sought-after fossil fuel-powered vehicles. WolfStreet reveals the EV is already breathing down the neck of the Toyota RAV4 as they ended the first half of 2024 with a 2.8% market share share.
The Tesla Model Y has already overtaken the popular Ford F-150 trucks, with both ICE and EV versions accounted for.
The Chevrolet Silverado 1500 grabbed 2.5% of the market, occupying the 5th position behind the Honda CR-V, which also had 2.5%. EVs enjoyed a bump to 9.0% in the second quarter, up from 8.1% in the same period last year, as they continue to steal market share from their fossil-fuel-powered counterparts.
The figures from Wolfstreet were extrapolated from new vehicle registration data in the US, and they show that 2024 might be the first year the Tesla Model Y will top the sales chart on its home turf.
Tesla is working on a refreshed Model Y, much like it updated the Model 3 this year in the US. The Cybertruck has already overtaken the Ford F-150 Lightning and Rivian R1T in monthly sales.
