Tesla Inc. has officially launched new, more affordable versions of its popular electric vehicles. This move aims to counter the impact of recent reductions in US tax incentives for electric cars.
Tesla’s New Affordable Models
The updated pricing for Tesla’s Model 3 sedan and Model Y sport utility vehicle is designed to attract more customers amidst changing government policies.
Pricing Details
- The standard Model 3 starts at $36,990.
- The new Model Y is priced at $39,990.
These new prices represent a significant reduction, with the Model 3 being about 13% cheaper and the Model Y roughly 11% less expensive compared to their premium longer-range versions.
Strategic Response to Tax Credit Changes
By lowering prices, Tesla aims to maintain its competitive edge in the electric vehicle market. The adjustments come as the company faces the challenge of consumers losing substantial federal tax credits for electric vehicle purchases.
Overall, these new models make Tesla’s electric vehicles more accessible, reinforcing the company’s commitment to providing sustainable transportation options for a broader audience.
