Tesla enthusiasts in Australia have a reason to celebrate as the prices of the popular Tesla Model 3 and Model Y have reached an all-time low in the country. The price reduction, amounting to $3,500, makes these electric vehicles (EVs) more affordable than ever before. This blog article will provide an overview of the price drop, the new prices for each model, and the potential benefits of owning a Tesla in Australia.

Tesla Model 3 Price Reduction

Tesla's entry-level sedan, the Model 3, has seen a significant price drop across all variants. The rear-wheel-drive Model 3 is now priced at $57,400, down from $60,900, making it incredible value for money. The long-range all-wheel-drive version is now available for $70,400, down from $73,900. Additionally, the high-performance all-wheel-drive Model 3 has a new price tag of $83,400, reduced from $86,900. These prices are inclusive of the manufacturer's suggested retail price (MSRP) and exclude on-road costs.

The price cut for the Model 3 marks a series of reductions that have been implemented by Tesla throughout the year, making the vehicle more accessible to a wider range of buyers. The current estimated delivery timeframe for the Model 3 is between June and August 2023, making it an ideal time to consider purchasing one.

Tesla Model Y Price Reduction

In addition to the Model 3, the Tesla Model Y, an electric SUV, has also witnessed a price reduction. The rear-wheel-drive Model Y is now available for $65,400, down from $68,900. The long-range all-wheel-drive variant has been reduced to $78,400, from $81,900. Furthermore, the performance version of the Model Y is now priced at $91,400, down from $94,900.

It is worth noting that the only variant of the Model Y that does not qualify for the luxury car tax exemption is the performance version, as it exceeds the threshold by $2,000.

State Subsidies and Incentives

While the price reduction alone is an attractive proposition, potential buyers can also take advantage of various subsidies and incentives offered by different Australian states and territories. As of the publication date of this article, Victoria no longer offers subsidies for electric vehicles. However, other states continue to provide incentives to encourage EV adoption.

Queensland offers a generous maximum subsidy of $6,688, including a $6,000 EV rebate for households with an income below $180,000. For households with income above $180,000, the rebate is reduced to $3,000. New South Wales provides a maximum subsidy of $5,538, which includes stamp duty relief and the EV rebate. Other states and territories also offer some form of subsidy, although specific details may vary.

Conclusion

With the recent price reductions, owning a Tesla Model 3 or Model Y in Australia has become more affordable than ever before. Tesla's commitment to reducing prices and making electric vehicles accessible to a broader audience is commendable. In addition to the attractive pricing, potential buyers can explore state-specific subsidies and incentives to further enhance the value proposition.

It is an exciting time for the Australian EV market, and those considering purchasing a new car should seriously consider the Tesla Model 3 and Model Y. So, if you've been contemplating buying an EV, now is the perfect time to make the leap and experience the future of driving with Tesla.