The electric car will be available in the UK soon. We look at costs and how it compares with rivals
Launched with the intention of being Tesla’s firstly mass-market electric car, the brand-new Model 3 is smaller and simpler than the other vehicles in the Californian carmaker’s stable. And according to Tesla, the brand-new barroom is the” more inexpensive” of the compas- though with a starting price at exactly under PS39, 000, countless would query that claim.
The order book for the Model 3 officially opened at the start of May- though bookings had begun prior to that- with three versions of the car on sale, the most expensive coming in at PS56, 000. But change the quality from the standard black and you will have to shell out more.
Compared with the Model S, Tesla’s flagship vehicle, the Model 3 has slower acceleration from 0 to 60 mph, a shorter range and less than 100 customisable configurations compared with more than 1,500 in the bigger car.
Interest in moving electrical is growing fast: study from Close Brothers Motor Finance hints 15% more motorists are looking to buy an electric car with their next obtain compared with two years ago. And while Tesla is clearly self-confident about the future of the brand-new auto, expecting to ship between 360,000 and 400,000 vehicles worldwide this year, is it genuinely an inexpensive option for Britons?
How does the new car comparison ? strong>
The entry-level price of PS38, 900 is inclusive of VAT and a” destination and the documents cost”, a cost to have the car moved and paperwork completed. The price is also after the PS3, 500 UK” plug-in grant“- which the government gives to dealerships and manufacturers and abbreviates the cost of a new electric vehicle- has been applied.
The Model 3 will be competing with the BMW 3 serials, which starts at precisely under PS32, 500 for both petrol and diesel options.
Looking at other electric vehicles, less costly than the Model 3 is the Hyundai Kona Electric, which starts at PS2 7,250, and the Kia e-Niro at PS32, 995. At the more expensive end is the Jaguar I-Pace at PS60, 995, and the Audi e-tron at PS68, 020. All expenditures are after the plug-in concession has been applied.
Who is it aimed at ? strong>
Competing in the mid-sized car market, where the BMW 3 serials is popular, the Model 3 will mainly be aimed at the executive market, says Melanie Shufflebotham, the founder of Zap-Map, which items where electric car chargers can be found around the country.
” It is primarily for people who are tech-savvy, who are able slightly aspirational. They want to be on the leading edge of the technology curve and crave respectable compas and a high-quality vehicle ,” she says.
What about flowing expenses ? strong>
After the initial spend, the running costs of electric cars differ greatly from petrol. First, there is tax- electric cars are exempt from car tax, or vehicle excise duty, which saves the brand-new Tesla moves between PS145 and PS210 a year compared with similar gondolas. Teslas are also exempt from the congestion charge in London of PS11. 50 a day.
The cost of charging the vehicle depends on where you do it: at home or at a charge depot. At residence, the tariff you are on will prescribe the rate, and some boss have workplace charging levels offering free access throughout the day. Many public blaming pitches are free to use; others ask pay and this varies widely. Rapid chargers frequently involve payment.
Shufflebotham puts the cost of extending an electric car at 3p per mile compared with 12 p to 14 p a mile for a petrol or diesel vehicle.
Where there could be a sting is in insurance. Some quotes may be high as there are not many of these vehicles on the road. In the past, there have been high-pitched premiums as insurers don’t like vehicles that are expensive to oust or fixing. On the flip side, electric car drivers are often perceived as being older with good driving habits.
Last month, LV= launched an insurance policy exclusively for electric cars, claiming it to be the first of its nature. The program envelops the retrieval of cars that have run out of charge mid-journey and home-charging cables and boxes.
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