Cheapest Tesla 2023
One of the factors impacting those contemplating whether to purchase an EV has often been the price of vehicles, particularly when compared to the conventional ICE (internal combustion engine) modes of transport. However, following the improvement of manufacturing capabilities and the industry's growth, we see EVs become significantly more affordable.
In October 2023, Tesla announced a series of price drops that meant many of its trademark models would be sold at the cheapest price they have ever been. This includes Model 3 and both the Long Range and Performance Model Y. The reduction in the price of the Model 3 makes it the lowest price for a Tesla ever, and with the addition of an assortment of new functionalities, it has been named a 'mid-life update' for the popular model. The model features a sleek new interior design and an impressive charge range of up to 423 miles on a single charge. These improvements add to the attractiveness of the already popular brand, but importantly, rival any petrol or diesel car regarding convenience and style.
Even with price cuts, however, Tesla remains a high-end car brand, reflected in their performance and price tag. The new price for Tesla Model 3's in the UK has been reduced to £42,000, which is still a significant amount of money for those wanting to make the transition to EVs. However, because EVs have been on our roads for over ten years, the second-hand market is growing considerably, increasing the accessibility of EVs to more people. Brands like Tesla include listings of approved second-hand dealerships for their vehicles on their website. It is worth noting that purchasing used cars is an affordable and greener option in the drive for more sustainability.
Affordable Electric Vehicles
Alongside a growing second-hand market, the thorough establishment of EVs within the world transport industry has also meant that almost all car manufacturers are investing their time into creating electric models of their cars. This means that now it is not just the most high-end, expensive makes available in an e-mobility. More affordable and more varied models of EVs are being introduced into the market. Therefore, those considering an EV can meet their specific driving needs. For example, whether you need a small car for occasional short journeys around your town or a larger SUV-style vehicle, growing interest and investment in the EV industry has created a comprehensive range of models to mirror the conventional ICE vehicle market. Today, it is easier to name those manufacturers who have not officially launched any EV versions of their cars than those who have. Even those who make this list of 'have nots', such as Land Rover and Suzuki, have all suggested that they have EV models coming soon in the next couple of years.
This means that for those looking to transition to an EV vehicle, there are now a host of affordable EVs to choose from, with some coming under £20,000. Renault, Nissan, VW, and Fiat have all created lower-cost EVs that prospective EV owners can buy for a price similar to conventional petrol or diesel-fuelled cars. The Citroen Ami Vibe currently holds the post as the cheapest EV available in the UK, and at just £8895, it is a considerably lower price point than other EVs. However, this car is unique, as it is designed with short journeys and limited speed in mind, so it only suits those who want a cheap form of transport for city driving. For EVs that are more suitable for every day, the Nissan Leaf has proved popular. With enough space for all the family, this car has all you need daily, with the Leaf+ providing a range of up to 239 miles. The MG ZS EV is another increasingly popular brand for those transitioning to EVs while staying in the sub-£30,000 price range. This impressive car has received many excellent reviews and, as an SUV-style car, has the space and style many car users desire today. The car's large battery size allows it to boast a range reaching up to 273 miles.
Ultimately, EVs are becoming more accessible. Car manufacturers, governments, and the transport industry are finally coming together to create an environment where the transition to EVs can thrive. While there is some way to ensure that everyone can utilize the advancements made in the industry, it is encouraging to see the progress made. Increased accessibility, focusing on the affordability of EVs, is an important step in the progression towards a cleaner, more sustainable future for the transport industry.
