Tesla Model 3

Tesla Lowers the Price of the Model 3 Standard Range Plus in China

Recently China announced the decision to reduce the purchase of electric coaches by 10% for this year. This measure is the first step in the gradual withdrawal of subsidies planned by the government of the Asian country, which will reduce them by 20% in 2021 and by 30% in 2022. The subsidies will be replaced progressively by minimum sales quotas of electric coaches, which will have to be fulfilled by all manufacturers.

Until today the vehicles “of new energy” (electric batteries, hydrogen fuel cell, and plug-in hybrids) assume 5% of car sales in China; it is expected that by 2025 it will reach 20%. The most relevant change in the new help program is a new maximum price to be able to access them, even if something has been reduced. This is a subsidy for the Tesla Model 3 Standard Range Plus RWD.

The American model is the electric car but sold in the Chinese market, so as expected, Tesla decided to reduce its price to maintain its competitiveness. It has now cost 271,550 yuan ($38,451), a very attractive figure for one premium sedan of the D segment, even more so once the corresponding subsidies are applied.

Tesla has the goal of producing 150,000 annual units in Shanghái’s Gigafactory 3, a figure that will be increased to 250,000 units once the production lines shown in Model Y is highly likely. Just like the sedan that drifted, with a version of access with a price due to the limit of help.

As you can see, the price of the Model 3 Standard Range Plus RWD in China and the United States is extremely attractive. It is worth asking yourself once the sedan will be able to be produced in Gigafabrica 4 in Berlin if it will have a competitive starting price. There is nothing to lose sight of, despite being around 50,000 euros, the model has a very high demand in Europe (it was the second car sold in the market in March, just behind the Volkswagen Golf).

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