Electric vehicles (EVs) have come a long way in the past few years. Once thought of as too expensive for the average consumer, EVs are now becoming more affordable and accessible. In fact, the Tesla Model 3 can now be purchased for less than the average transaction price of a new car in the US. According to Kelley Blue Book, the average new car cost came in at nearly $50,000 this January 2023, down from previous months thanks in part to Tesla.
The base Tesla Model 3 starts at $42,990, or, as Tesla likes to point out, $31,290 after potential incentives. However, many people don’t qualify for the $7,500 federal EV tax credit, so the actual cost of the car is still higher. Tesla also lists an estimated $4,200 in fuel cost savings over six years, but that doesn’t help buyers in the near term. If you were to buy a Model 3 today, you’d be looking at a minimum of $44,630, including the destination and order fees, but excluding other fees and taxes.
If you’re considering a new EV, it’s important to factor in any potential tax credits or incentives you may qualify for, as well as how much money you’ll likely save on fuel costs. You can then use this information to determine if financing or leasing is the best option for you. It’s also wise to shop around for financing options from banks or credit unions to get the best deal.
Overall, EVs are becoming more affordable and accessible than ever before. With the right incentives and financing options, you can now purchase a Tesla Model 3 for less than the average transaction price of a new car in the US.
FAQ
Q1: Are electric car batteries recyclable?
A1: Yes, electric car batteries are recyclable.
Q2: Are electric car chargers free?
A2: It depends on the charger and the location. Some electric car chargers are free, while others may require a fee.
Q3: Can electric car batteries be rebuilt?
A3: Yes, electric car batteries can be rebuilt with the right tools and knowledge.
