Tesla’s Model 3 is intended to encourage customers to switch to the electric car brand. But the price of the compact car has now risen massively. This also has an effect on the subsidy premium.
Tesla’s price increases for the Model 3 have reached a new high: the automaker has increased the price of its entry-level car by more than 7,000 euros – overnight. Instead of the previous price of 42,900 euros, the smallest electric car from Tesla now costs 49,900 euros.
For comparison: In January 2021 it had Tesla Model 3 in the basic version still cost 39,900 euros. The US billionaire’s company gave reasons for the current increase Elon Musk not.
It’s not the first price increase that the electric car manufacturer has imposed on buyers in recent times. Several Tesla models in Europe have been becoming increasingly expensive for around a year, partly due to global supply chain problems and a lack of chips. Added to this is the war in Ukraine, which is driving up the cost of raw materials for battery production.
Electric car funding lower
However, the current increase in the price of the compact car Model 3 hits customers in Germany twice as hard: they not only have to bear a price increase of more than 16 percent and also pay a higher order fee of 250 instead of the previous 100 euros. Also the claim to the full electric car premium is now omitted for the Model 3 Standard Range and all other Model 3.
The reason: the maximum environmental bonus for a new one electric car In the amount of 9,000 euros – made up of a state share of 6,000 euros and a manufacturer share of 3,000 euros – only those who pay a net list price of a maximum of 40,000 euros will receive it. As a result of the price increase, the state subsidy share now falls to 5,000 euros and the manufacturer share to 2,500 euros. Overall, the Model 3 is now subsidized with 1,500 euros less.
Tesla reports delivery record
The price increase coincides with a new record set by Tesla for deliveries: According to the electric car manufacturer, it delivered 310,048 vehicles in the first three months of 2022 – almost 1,500 more than in the first quarter of the previous year.
Overall, Tesla brought a good 936,000 cars to customers last year, 87 percent more than in 2020. The compact cars Model 3 and ModelY continue to form the basis of the Tesla business.