"Since then, the Model Y has fended off challenges from major automakers like Ford, Chevrolet, Hyundai, and Kia to become one of the top-selling vehicles in the world. Tesla sold nearly 1.8 million vehicles last year, and the automaker has an ambitious target of 20-30% sales growth this year."
"Tesla just did the first major refresh of its best-selling Model Y more than five years after the SUV-ish EV was announced in 2019. The electric SUV market is now getting much more crowded, with a parade of new competitors every few months. Here are seven new models - from China and Europe, mostly - that are coming for the Model Y's crown."
Tesla completed a major refresh of the Model Y more than five years after its 2019 debut. The Model Y previously fended off competition from Ford, Chevrolet, Hyundai, and Kia to rank among the world’s top-selling vehicles. Tesla sold nearly 1.8 million vehicles last year and targets 20–30% sales growth this year. A refreshed $45,000 Model Y aims to support that growth while other Tesla models age. The electric SUV segment is rapidly intensifying as manufacturers introduce new rivals regularly. Several upcoming models, primarily from China and Europe, are positioned to challenge the Model Y’s market leadership.
Read at Business Insider
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