Elon Musk’s company has cut prices for electric cars in Germany, France, Norway and the Netherlands.
US automaker Tesla has cut the prices of its Model Y cars in several European countries, a week after it announced similar price cuts for the Model 3 and Model Y in China. This was reported by CNBC on Wednesday, January 17.
It is noted that Elon Musk’s company has cut car prices in Germany, France, Norway and the Netherlands.
In Germany, the rear-wheel drive Model Y is now on sale for €42,990 ($46,760), which is about a 4.2% discount on the car’s previous retail price.
The Model Y Long Range is now priced at €49,990, down 8.1% from the previous price, while the rear-wheel drive Model Y sells for €42,990, down 4.2%.
In France, Tesla cut the prices of its Model Y cars by 6.7%, and in the Netherlands, Tesla cut its Model Y prices by up to 7.7%. In Norway, the company lowered prices from 5.6% to 7.1%.
As a reminder, competition in the electric vehicle market has intensified over the past year and Tesla is facing competition from other automakers.
Chinese automaker BYD has overtaken Tesla as the world’s largest electric vehicle maker by 2023.
Our demand for electric vehicles is growing. In November 2023 alone, Ukrainians bought 4.3 thousand electric cars, which is almost three times more than a year ago.
Source: korrespondent
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