Thinking of buying an electric car? Wherever you are in the world, the Tesla brand is probably the first to enter your mind.
The price of 4 key Tesla models around the world
While our overall results are based on an average price across the Tesla brand, some models are relatively cheap in some countries compared to others. Read on for more details on the models and their affordability.
Tesla Model S
The Model S is Tesla’s first attempt at a sedan, and – more than the discontinued Roadster – has set the bar for consumer EVs. The S is renowned for its speed and James Bond-like cockpit, including the car’s (claimed) ability to drive itself to you from wherever you parked it. The cheapest new S that Budget Direct found was in Oman. At pennies over $65k, it was $4k cheaper than the American price.
Tesla Model 3
The ‘affordable’ Model 3 was announced in 2006, finally hit the market in 2017, and was the all-time top-selling EV in the world in 2018 and ‘19. Tesla streamlined the cockpit by moving most functions to a 15” screen . The smaller platform means the 3 drives like a dream. It is cheapest in China, where Tesla is trying to break the market.
Tesla Model X
With its winged doors, the X is for sci-fi dreamers who dig a little retro-futurism. However, it is also the priciest Tesla. This luxury SUV can do 0-60 mph in 2.6 seconds, and costs a six-figure sum in all but 12 countries, being cheapest in the States, Macau, and Canada. The cost in Turkey and Malaysia approaches a quarter-million, while in Singapore the Model X is an eye-watering $350k+.
Tesla Model Y
The Y sits between the 3 and the X as an affordable compact SUV. Because the Y is heated with a heat pump rather than electric resistance, it is more efficient and should maintain its range better in cold weather. Good news in the major EV markets of Norway and Iceland! The vehicle only launched at the start of 2020 and is still unavailable in many territories – Norway has the third-cheapest confirmed price ($59,243.09), but the Y tops six figures in Brazil ($104,464.87).
The price of a Tesla vs. Local wages
Wages vary more greatly than car prices, so to make sense of local affordability, it makes sense to compare average cost against average income. Each percentage represents how much of the average national annual income you’d need to spend to buy a Tesla at the local average price.
India is a tough place to be as a Tesla fanboy. It is the 7th most expensive market with the 2nd lowest income in our study. The average cost of $150,855.35 is 8694.83% times the average salary of $1,735.00. The good news is that Tesla is likely to launch officially in India in 2021, bringing prices down. The bad news is that there are just 500 charging stations in India, so you may have to walk home.
The best value can be found in Norway, where around 60% of all new car sales are electric. A phenomenally high average national salary of $66,019 looks pretty next to a very reasonable average-priced Tesla at $69,146.21. However, Volkswagen is still Norway’s most popular new buy. Neighbouring Iceland is number three for affordability (112.31%) – and Tesla has quickly become the biggest car brand in the country.
Source: https://www.budgetdirect.com.au/blog/tesla-worldwide-index.html
