Tesla lowered the price of the Model 3 in Australia over the weekend, causing the base variant to cost AU $ 59,990 before the incentives. With the prices coming down, the Tesla Model 3 is now eligible for discounts in some Australian states, such as New South Wales and Victoria.
Prices for the Tesla Model 3 by car vary depending on the Australian state or territory. All Tesla Model 3 in-car prices listed in its configurator include additional costs, such as delivery charges. Tesla also included local stamp duty, local registration fees, local CTP, and local plate fees in its calculations.
In general, the price of the Model 3 Standard Range Plus variant appears to drop below a certain price, making it eligible for incentives in certain areas of Australia.
For example, in Victoria, Base Model 3 now costs AU $ 64,968 ($ 48,591.52 in USD) before savings. With the most recent Model 3 price drop, the base sedan variant is eligible for a ZEV grant of $ 3,000 in Victoria.
The Victorian government introduced the New Zero Emission Vehicle Grant with a vehicle subtotal (assessed value) of less than $ 68,740. Victoria’s $ 3,000 ZEV grant is distributed on a first come, first served basis and is limited to 4,000 vehicle registrations.
In New South Wales (NSW), the base Model 3 car price is $ 64,648 ($ 48,352.18 in USD) before savings. From September 2021, customers who buy new or even used battery electric vehicles or hydrogen fuel cell cars will not pay stamp duty, provided the car they buy is less than $ 78,000 ($ 58,338.54 in USD). The Tesla Model 3 Dual Motor AWD Long Range in New South Wales would be eligible for stamp duty refund without payment.
The NSW government will also offer a $ 3,000 rebate to the first 25,000 new electric or hydrogen fuel cell customers who purchase vehicles for less than $ 68,750 ($ 51,420.19 in USD) .
Queensland and Tasmania also have their own incentives or discounts for new energy vehicles. On top of that, there are federal incentives that Tesla customers could also benefit from.
For example, there is the tax rate and thresholds on luxury cars. “The luxury car tax is levied at 33 cents on every dollar above a certain threshold,” Tesla explained. “For most cars, this threshold is $ 69,152 in 2021, but for fuel efficient vehicles, including Tesla Model S, Model X, and Model 3, this threshold is $ 79,659.”
With a base price now starting below $ 60,000, the Tesla Model 3 would likely be more competitive in the Australian EV market. The lower price bodes well for the all-electric sedan, as it is already the most popular electric vehicle in the country despite its higher price tag.
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