Did you know that the Tesla Model Y was the first EV to make the list of the world’s best-selling vehicles in 2023? Well, it was, and it has also topped the best-selling EV charts in multiple markets since its launch in 2020.

Factoring in the $7,500 federal EV tax credit, the new Model Y’s price falls to $52,490. The outgoing Model Y Long Range All-Wheel Drive starts at $47,990, or $40,490 after the credit – which President Trump has indicated he will scrap.