Saturday, February 4, 2023
News Tesla Raises Model 3 Price, Loses Canadian Incentives

Tesla Raises Model 3 Price, Loses Canadian Incentives

151 km Model 3 gone, price hike for rest

  • New price, dropping compliance model means no Federal incentive in Canada

  • Model 3 and Y prices climb across board

Tuesday night, Tesla raised the price of the Model 3 standard range in Canada. With that price bump, the EV no longer qualifies for Canadian federal EV incentives and is now excluded from those incentives in all provinces except for Quebec. With the price-hike, Tesla has also dropped the Canada-only 151 km incentive qualifier Model 3.

The electric automaker made the change yesterday, increasing the price of the Tesla Model 3 as well as the Model Y crossover. The entry-level to Tesla in Canada was a $44,990 151 km software locked Model 3 Standard Range that allowed the $54,990 438 km Model 3 Standard Range model to qualify for the federal incentive of $5,000, as well as incentives offered in most provinces. According to Tesla’s site, customers trying to order that model as of last week would have been waiting until December of 2022 to get their cars.

The entry-level Model 3 is now that 438 km Standard Range model, with a new MSRP of $58,610. That price allows it to qualify for the Quebec provincial EV incentive of $8,000, as it applies to all EVs with an MSRP below $60,000. Tesla estimates October delivery for that vehicle. If you want to get a Tesla Model 3 sooner, a Long Range dual motor model has an estimate of February, or a Model 3 Performance is expected to have December delivery.

Federal government pages have not yet changed to reflect the car no longer qualifying for the incentive, but Go Electric BC has been updated and Tesla’s own site no longer mentions incentives outside of QC.

Both the LR and Performance models as well as the Model Y Long Range and Performance have seen price increases of $2,000.

Trending Now

Nissan is Still Aiming to Launch its First EV with Solid-State Batteries in 2028

Nissan is one of many automakers that believe solid-state batteries will be a key part of making EVs more popular. The company will...

Hyundai will Invest $8.5 Billion into EVs, Including a Dedicated US Factory

$5.5 Billion of this investment will go toward a new factory in Georgia that will only build electric vehicles. The other $3 Billion...

Rivian will Add Bidirectional charging via an Over the Air Update

This will be available to every Rivian vehicle ever made. The company has yet to confirm the details of this future update. This...

2024 Range Rover Velar Gets Facelift, New Infotainment

Subtle exterior updates keep Velar fresh New floating screen and more modern guts for Pivi Pro infotainment The Range Rover Velar is getting a...

The 2023 Targa Newfoundland “Race the Rock” Event Will Pit EVs Against ICEs

The legendary endurance race takes place in Newfoundland, Canada. It happens between September 14th and 21st. This year's Targa Newfoundland will host a competition...


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.