Tesla's base Model 3 and Model Y models now have even lower starting prices than the average new car in the United States .
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This may open the eyes of more buyers who previously hadn't considered moving to an electric vehicle.
When studies look at the main reasons new car buyers don't consider switching to electric vehicles as their next car , price is usually one of the top reasons. However, the market has changed a lot in recent years.
Electric vehicles have reduced their price, while inflation has significantly increased the average selling price of new cars in the United States.
Additionally, American car buyers' love for larger SUVs and commercial vehicles has contributed to rising average new car sales prices.
In 2018, the average selling price of a new car was about $38,000 in the U.S. Now, it's $47,000.
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Bloomberg was able to track the changes in the base price of the Tesla Model Y and Model 3 relative to the average new car price in the US and found that both models now start below the average.
This isn't the first time the Model 3's price has fallen below the national average new car sales price, but it is the first time both the Model 3 and the increasingly popular Model Y have starting prices below the average new car sales price in the United States.
This is due to the introduction of the new Model Y RWD, which significantly reduced the price of the electric SUV.
Additionally, Tesla recently lowered prices across its entire Model 3 and Model Y lineup – making not only the base model more affordable but the entire lineup more competitive.
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In today's economy, those looking to save money may find Teslas an attractive option.
Saving Operating Costs
When it comes to reducing operating costs, electric cars – and Teslas in particular – rank at the top. The lower cost of power compared to gasoline means lower operating costs. There are no engine oils to replace, no air filters, and no brakes to change regularly.
Technological Innovations
Teslas are packed with technologically advanced features and applications. From Autopilot – a sophisticated semi-autonomous driving system – to the ability to upgrade software, there are plenty of advanced features to appeal to tech-savvy and trend-following enthusiasts.
Sustainability and Environmental Protection
Renewable energy and environmental sustainability are core concepts for Tesla. Tesla cars incorporate lithium-ion battery technology, thus promoting energy conservation and reducing CO2 emissions. In addition, the company's continuous pursuit of the use of recyclable materials demonstrates a determination to ensure a more sustainable way of life.
Service and Support
Tesla, with its innovation in digital customer service tools, allows consumers to arrange service and repairs for their cars with ease. It promises rapid response and quick resolution of issues. For many, this modern approach to customer support is more than just an attraction to Tesla.
Source: electrek
