Tesla
- Tesla launched new, more affordable versions of its Model Y and 3 electric cars this week.
- Limited cheap EV options are a key barrier to adoption, and automakers are rushing to fill that gap.
- Here's how Tesla's new vehicles stack up against the cheapest EVs on sale in the US.
Tesla is finally jumping on the affordable EV bandwagon.
Elon Musk's automaker launched the Model Y and 3 Standard on Tuesday, after teasing more affordable models for years.
The stripped-back models come without marque Tesla features like Autosteer and rear screens and are around $5,000 cheaper than the classic Model Y and 3.
That price cut fails to match the $7,500 federal tax credit, which expired at the end of September.
A lack of affordable electric cars has been a key barrier to EV adoption, and Tesla's new models — which start at $36,990 — come as many of its rivals push to roll out their own cheaper vehicles.
With that in mind, here's how Tesla's "most affordable vehicles" stack up against the competition.
Read the original article on Business Insider