Tesla brings down Model 3 cost in Australia, causing it to qualify for rebates

Tesla brought down the Model 3’s cost in Australia throughout the weekend, making the base variant cost AU$59,990 before incentives. With the price drop, the Tesla Model 3 is presently qualified for rebates in certain Australian states, as New South Wales and Victoria.

The Tesla Model 3 drive-away costs fluctuate, contingent upon the Australian state or region. All the Model 3 drive-away costs Tesla recorded in its configurator incorporate extra fees, similar to the delivery fee. Tesla likewise included local stamp duty, local registration costs, local CTP, and the local plate fee costs into its calculations.

As a general rule, the cost of the Model 3 Standard Range Plus variant appears to fall under a specific price point, making it qualified for incentives in specific regions in Australia.

For example, in Victoria, the base Model 3 presently costs AU$64,968 ($48,591.52 in USD) before savings. With the latest Model 3 price drop, the car’s base variant is qualified for a $3,000 ZEV subsidy in Victoria.

The Victorian Government presented the subsidy for new zero-emissions vehicles with a Vehicle Subtotal (dutiable worth) under $68,740. Victoria’s $3,000 ZEV subsidy is apportioned on a first-come, first-serve basis and is restricted to 4,000 vehicle registrations.

In New South Wales (NSW), the base Model 3’s drive-away cost is $64,648 ($48,352.18 in USD) before savings. Beginning September 2021, clients who buy new or even used battery electric vehicles or hydrogen fuel cell cars won’t pay stamp duty, given the vehicle they purchase is under $78,000 ($58,338.54 in USD). The Tesla Model 3 Dual Motor AWD Long Range in NSW would be qualified for the no-pay stamp duty rebate.

Tesla sells over twice however many vehicles as the entirety of its adversaries consolidated in Australia

The NSW Government will likewise offer a $3,000 rebate to the first 25,000 new battery-electric or hydrogen fuel cell clients who buy vehicles under $68,750 ($51,420.19 in USD).

Queensland and Tasmania additionally have their own incentives or rebates for new energy vehicles. What’s more, there are government incentives accessible that Tesla clients could benefit from, as well.

For example, there is the luxury car tax rate and thresholds. “The Luxury Car Tax is levied at 33c on each dollar above a certain threshold,” explained Tesla. “For most cars, that threshold is $69,152 in 2021, however for fuel-efficient vehicles including the Tesla Model S, Model X, and Model 3, that threshold is $79,659.”

With a base value that presently begins below $60,000, the Tesla Model 3 would probably contend better in Australia’s electric vehicle market. The price drop looks good for the all-electric car, as it is now the country’s most popular EV regardless of its past higher cost.