TESLA has slashed the price of the Model 3 in the UK with prices now starting at £37,340 bringing it closer to the £35,000 entry-level target price.
Prices for the car now start at £37,340 (pricing includes VAT and the £3,500 UK Plug-In Car Grant) bringing it closer to the £35,000 entry-level target cost.
Now, the entry-level car is the Model 3 Rear-Wheel Drive Standard Range Plus which offers a few more features over the standard car.*** Updated ***
Cash price With estimated fuel saving Fuel Savings
Electric vehicles are less expensive to fuel than petrol powered vehicles. The average person drives approximately 12,500 miles and spends around £2,200 on petrol per year. In comparison, the cost of electricity to power Model 3 over the same distance is 7 times lower. Over the five year average length of car ownership, that's approximately £9,500 in petrol savings.
We've assumed a fuel economy of 7.4 miles per litre for a comparable petrol powered car. We've also assumed the national average of £0.16 per kilowatt hour for electricity and £1.31 per litre for premium petrol over the next five years.
Electric Vehicle Incentives
Electric cars offer compelling financial incentives for business and personal purchasers. These benefits include the UK Plug-in Car Grant of £3,500, Reduced Employer Class 1A National Insurance Contributions (company cars only), Exemption from London Congestion Charge, London Ultra Low Emission Zone Exemption, Salary sacrifice scheme available to business drivers as well as Significantly Reduced BiK Taxation for Company Car Drivers.
Learn more about electric vehicle incentives.
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