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Reading: Tesla Model Y dominates the Australian electric vehicle market again in March 2024
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EV-a2z > News > Tesla Model Y dominates the Australian electric vehicle market again in March 2024
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Tesla Model Y dominates the Australian electric vehicle market again in March 2024

Despite Q1 delivery challenges, Tesla's Model Y leads Australia's EV sales in March 2024. This highlights Tesla's market strength amid its next-gen EV platform development.

EV-a2zm
Last updated: 2024/04/05 at 7:17 PM
EV-a2zm Published April 5, 2024 4 Min Read
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4 Min Read
Tesla Model Y Production Ramps Up
Tesla Model Y Production Ramps Up
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Tesla may have encountered major challenges in its Q1 2024 electric vehicle deliveries, but it still continues to report strong performance in many countries, including Australia. According to the Federal Chamber of Automotive Industries (FCAI) data, the popular Tesla Model Y crossover dominated the electric vehicle market in Australia in March 2024.

Contents
BEV sales in Australia – March 2024Tesla Model Y leadsSales rankingTesla quits FCAI like Polestar did

$TSLA
NEWS: Electric vehicle penetration in Australia also hit a new high in March, topping 10,000 sales for the second straight month.

Tesla once again showed strong sales. The Model Y is the third-largest monthly sales overall, with 4,379 units sold.https://t.co/e8OPLY2vDl

— Tsla Chan (@Tslachan) April 4, 2024

BEV sales in Australia – March 2024

FCAI’s data revealed that Australia sold 10,464 electric vehicles in March 2024. However, this figure excludes the 84 Polestar 2s sold the same month because the brand quit FCAI over emissions standards issues. 

Therefore, if we count Polestar’s EV sales, the country’s total electric vehicle sales would be 10,548 units. They accounted for 9.5% of Australia’s new vehicle sales in March 2024, up from 6.8% YoY but slightly down from 9.6% MoM.

Tesla Model Y leads

As expected, Tesla’s all-electric SUV Model Y once again topped the BEV sales ranking in March 204. According to the data, the Model Y sold 4,379 units.

🇦🇺 Australia: 2024 Tesla Model Y price and specs: $8500 price cut with design update!

– New colours;
– 19-inch wheel finish;
– Big price cut of up to $8500;
– Priced from $63,900, before on-road costs

The @Tesla Model Y now opens from $63,900 plus on-road costs, $1500 less than… pic.twitter.com/DE3lw4cOxq

— Brian Basson (@BassonBrain) April 4, 2024

In the overall automotive market, the Tesla Model Y ranked third. It trailed behind the  Ford Ranger ute and the Toyota Rav4. Impressively, the Tesla crossover beat the popular Hilux ute and the Mitsubishi Outlander.

Meanwhile, its electric sedan sibling, the Tesla Model 3, claimed the second spot with 1,638 unit sales. It followed a record month in February 2024 when its sales hit a total of 3,593 units.

These remarkable results in March 2024 enabled Tesla to become the 6th top-selling brand in the Australian automotive market, marking its highest rank to date.

Sales ranking

Presented below are the top 10 most popular electric vehicle models in Australia in March 2024:

 
Model
Sales
1Tesla Model Y4379
2Tesla Model 31638
3BYD Atto 31044
4BYD Seal365
5MG MG4352
6BMW i4236
7BYD Dolphin213
8Kia EV6198
9Volvo XC40 Recharge135
10Mercedes-Benz EQE SUV124

Best-selling EVs last month in Australia:

Tesla Model Y – 4379
Tesla Model 3 – 1638
BYD Atto 3 – 1044
BYD Seal – 365

— Ryan's Model Y (@ryanjaycowan) April 4, 2024

Tesla quits FCAI like Polestar did

Tesla’s EV sales will also become unavailable from FCAI’s future reports after June 2024 because the Musk-led company also canceled its membership. 

Tesla and Polestar end membership of Australian car association (FCAI), because it obstructs car efficiency standards and demonstrably spreads misinformation.https://t.co/jL40FIoka3

Headline of my @Bloomberg Hyperdrive mailbox newsletter?
"Musk Picks Another Fight"
Sigh pic.twitter.com/mgIWVtwL3o

— AukeHoekstra (@AukeHoekstra) March 14, 2024

FCAI is allegedly misleading customers regarding potential price adjustments associated with the New Vehicle Efficiency Scheme (NVES), among other things. The American EV giant explained its opposition to FCAI in a formal letter in March.

“Tesla considers that the FCAI has repeatedly made claims that are demonstrably false. Tesla is concerned that the FCAI has engaged in behaviors that are likely to mislead or deceive Australian consumers. Tesla is also concerned that it is inappropriate for the FCAI to foreshadow or coordinate whether and how competitor brands implement price changes in response to environmental regulations such as the NVES.”

Tesla indicated in the letter

The unstoppable dominance of the Tesla Model Y only demonstrates the brand’s strong reputation in the electric vehicle market despite the weak Q1 2024 performance. It comes as no surprise because Chief Elon Musk already warned investors about the looming sales growth slowdown this year due to the company’s focus on developing its next-gen EV platform.

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TAGGED: Australia, Electric Vehicle, EV, Tesla, Tesla Model Y
EV-a2zm April 5, 2024 April 5, 2024
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