The Audi Q4 e-tron, Ford Mustang Mach-E, Hyundai Ioniq 5, Kia EV6, Nissan Ariya, Subaru Solterra, Toyota bZ4X and Volkswagen ID.4 are all models that you might also want to consider for your next electric SUV purchase. The Y is undeniably the sales leader in its class, but that class is growing with new options. As of this publication, Tesla has dropped the price of the Model Y several times throughout the year.

There's a lot that goes into the new cells, but what matters to most consumers is that this battery technology promises lower costs, which Tesla could pass on to its customers. The new 4680 cells are a complete overhaul of the battery tech inside Tesla's cars, and the company has been working on them for quite some time. Specific to the 2023 Tesla Model Y is the introduction of Tesla's so-called 4680 battery cells. Recent updates include pricing reductions and the introduction of an Enhanced Autopilot option that adds a variety of advanced driver assist features, such as automatic lane changes as well as self-parking and summon features, without having to pay for the full-boat Full Self-Driving upgrade. Unlike most other automakers, Tesla makes rolling updates to its vehicles rather than waiting for a brand-new model year to come around.

Official details for the 2023 Model Y will likely keep trickling in throughout the year.