Tesla Model Y has become the first all-electric vehicle to claim the title of the best-selling car in the world, according to a report.

According to data from Jato Dynamics, the Tesla Model Y will surpass Toyota’s RAV4 and Corolla models to become the world’s top-selling model in the first quarter of 2023.

According to The Verge, the 2023 Model Y will start at $47,490, well above the 2023 Corolla ($21,550) and RAV4 ($27,575).

In the first quarter of this year, the Tesla Model Y sold 267,200 units worldwide, while the Corolla and RAV4 sold 256,400 and 214,700 units, respectively.

Tesla CEO Elon Musk even estimated in 2016 that the model would attract demand for “500,000 to 1 million vehicles a year.”

Musk predicted in 2021 that the Model Y will occupy the number one position in the world.

“We think the Model Y is going to be the best-selling car or any kind of vehicle in the world. It could be next year. I am not 100% sure next year, but I think it is very likely,” he told investors.

Tesla remains the market leader in the US electric vehicle (EV) market with a more than 50% share and outsells the other 17 auto groups combined.

According to Counterpoint Research, EV sales will account for 7% of total US passenger vehicle sales by 2022.