Tesla Model 3 Becomes World’s Bestselling EV

The Tesla Model 3 is a vehicle that has certainly generated a lot of attention since it arrived in 2018. Incredibly, the highly desirable vehicle is now the world’s best-selling electric vehicle and the 16th best-selling car in the entire world. The electric car revolution has been gathering pace during the pandemic and the Tesla Model 3 is the vehicle that many have set their eyes on.

A Bumper Year for Tesla 

Statistics from Focus2Move revealed that a total of 439,760 units of the Tesla Model 3 were sold in 2020 with over 800,000 units sold overall, which places it as the bestselling EV of all time surpassing the Nissan Leaf (which had a 7-year head start). It was the Toyota Corolla that was the bestselling car in 2020 selling a staggering 1,134,262 units globally. 

Motorists Becoming Eco-Conscious 

It is clear that today’s motorist is becoming eco-conscious and looking to make positive changes in their life. This will be particularly true following Cop26 and with many countries incentivizing switching to electric vehicles and also putting bans and fines in place for petrol and diesel vehicles. The Tesla Model 3 is the epitome of progression, so it is understandable that so many people are looking to make the switch to this incredibly stylish and futuristic electric vehicle.

EV Sales Rising

In the UK, sales skyrocketed 185.9% for battery-electric vehicles in 2020 compared to 2019 despite new car sales plummeting. In Norway, meanwhile, as many as 8 out of 10 new car sales are now electric and Norway is quickly becoming the nation that is leading the charge when it comes to electric vehicles.

Tesla Stock Rising

Of course, it is not just the soaring demand for EVs that has led the Model 3 to become so popular in recent times. The Tesla stock is rising and this is a brand that symbolizes the future, so it is understandable that people are keen to be associated with particularly when they are so often in the news. For those that make the plunge, you will certainly want to protect your investment with PCP gap insurance as you could be left out of pocket by an eye-watering amount in the event of a write off when an insurance provider will only pay the current market value. Tesla gap insurance starts at just £69 and will give you peace of mind knowing that the amount outstanding would be covered if the vehicle is written off or stolen.

It has been a bumper year in the EV market with many motorists now making the switch. Tesla has benefited from this with the Model 3 becoming the bestselling EV in the world and the 16th bestselling vehicle in 2020. The future looks bright for Tesla and Elon Musk and more motorists are likely to join the EV revolution in the coming years.

Christophe Rude
Christophe Rude
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