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Tesla's Model 3 priced as low as $25,000 after tax subsidies in the US

The Tesla Motors Model 3 electric vehicle could be found for as low as $25,000.

@anthony256
Published Wed, Feb 10 2016 4:12 AM CST   |   Updated Tue, Nov 3 2020 12:01 PM CST

Most people would love to own a Tesla, but their price keeps them away from the average consumer - which is why the electric car maker is working on the Model 3.

Tesla's Model 3 priced as low as $25,000 after tax subsidies in the US | TweakTown.com

According to Bloomberg, the Model 3 could be found as low as $25,000 when it arrives, after tax subsidies drops it from its starting price of $35,000. Tesla spokeswoman Khobi Brooklyn told Bloomberg: "We can confirm it's $35,000 before incentives. We haven't changed our minds".

If we consider the average American wants to spend $31,000 on a new car (according to an analysis by Salim Morsy of Bloomberg New Energy Finance), the $35,000 starting price on the Model 3 from Tesla is getting very close to that point. Adding in tax subsidies and hitting $25,000 - well then, it's looking very good for consumers.

Of course, tax incentives vary from state to state, but anyone who secures themselves a Model 3 will be eligible for $7500 federal income tax credit, which drops the $35,000 entry price to $27,500. Morsy said that the federal income tax credit would expand Tesla's market reach by 50%, which is a considerable increase.

NEWS SOURCE:bgr.com

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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