Tesla Launches Affordable Chinese-Made Model 3 in Canada
Tesla starts selling Chinese-made Model 3s in Canada at the EV's lowest price ever
Engadget
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Tesla has introduced the Model 3 Premium Rear-Wheel Drive option in Canada at a record low price of $39,490 CAD (approximately $29,000 USD), significantly reducing costs from previous models. This price drop is attributed to lower tariffs on Chinese-made electric vehicles, allowing Tesla to offer more competitive pricing in the Canadian market.
- 01The new Model 3 starts at $39,490 CAD, nearly half the previous entry-level price.
- 02Tesla's price reduction is due to a decrease in tariffs on Chinese-made EVs.
- 03The Model 3 Performance variant's price has also dropped to $74,990 CAD.
- 04The new Model 3 is not eligible for Canada's Electric Vehicle Affordability Program.
- 05Tesla previously had to switch to US-made vehicles due to high tariffs.
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Tesla has made electric vehicles more accessible in Canada by launching the Model 3 Premium Rear-Wheel Drive option at an unprecedented price of $39,490 CAD (around $29,000 USD). This marks a significant reduction from the previous entry-level price of $79,990 CAD (approximately $59,000 USD). The price adjustment is largely due to a recent change in Canadian tariffs on Chinese-made electric vehicles, which have been lowered to 6.1 percent. This change allows Tesla to import vehicles from its Shanghai factory more affordably. Additionally, the price of the Model 3 Performance variant has decreased from $89,000 CAD to $74,990 CAD (about $55,000 USD). However, it's important to note that the new Model 3 does not qualify for the Canadian Electric Vehicle Affordability Program, which offers incentives for vehicles manufactured in Canada.
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The reduced price of the Model 3 makes electric vehicles more accessible to Canadian consumers, potentially increasing adoption rates.
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