In just 3 months, the Tesla Model Y becomes the most imported vehicle in South Korea

0


Tesla launched the Model Y in South Korea in 2021, making it the second affordable model offered by Tesla in the country after the Model 3 launched in 2019.

Deliveries of the Model Y to South Korea began in April with a first delivery of 9 vehicles. And now fast forward two months, and the Model Y is already the most imported vehicle in the East Asian country.

According to MOTORGRAPH.com data, Tesla delivered 3,328 Model Y to South Korea in May.

This figure makes the Tesla Model Y the most imported vehicle in South Korea and helps it take first place from the Mercedes E-Class, which now ranks second with 2,387 deliveries in May.

Related News: Tesla’s Radar Elimination Pays Off

And if you’re an eagle-eyed reader wondering where the Model 3 is on the list, Tesla launched the updated Model 3 in South Korea in February. However, deliveries of the vehicle will not begin until June.

The reason for the delay is that Tesla is in talks with the South Korean government to have the Model 3 receive the South Korean government’s generous rebate on electric vehicles worth up to 8 million won ($ 7,200).

Once talks are finalized, sales of the Model 3 are expected to begin this month with initial deliveries of 4,000 to 5,000 Model 3s just in June.

Lest unforeseen problems arise, Tesla will break the company’s own delivery records, propelling the Model 3 to first place ahead of the Model Y.

Related news: The Iridescent Tesla

As for the rebate, the full amount of the subsidy is reserved for vehicles costing less than 60,000 million won ($ 54,000).

For vehicles costing between 60 million won and 90 million won ($ 81,000), the government halves the subsidy and these vehicles will be eligible to receive 4 million won ($ 3,600).

According to the government, these subsidies will be maintained until 2025 and after that date the subsidies are expected to remain reduced.

Related News: Elon Musk Says Inflation Is Forcing Tesla To Raise Vehicle Prices – Effects On Consumers And Stock Prices

Currently, only Tesla’s Standard Range Plus model is expected to get the full amount of the subsidy, with Tesla’s remaining vehicles receiving half of the rebate.

So what do you think? Excited, Tesla was able to increase its sales from 9 vehicles to more than 3,000 in just 3 months? Do you think the company will be able to build on this momentum? Let me know your thoughts in the comments below.

For more, see: Elon Musk Frustrated With China Tesla Brake Failure FUD Also, See Tesla Delays Plaid Model S Delivery Event To Jun 10 Musk Confirms Tesla Livestream

Tinsae Aregay has been following Tesla and the evolution of the EV space on a daily basis for several years. It covers everything about Tesla, from cars and Elon Musk, to the energy sector and autonomy. Follow Tinsae on Twitter at @TinsaeAregay for Tesla Daily News.





Source link

Share.

About Author

Shanta Harris

Leave A Reply