Tesla $24,000 EV was merely a dream a few months ago, but now reports show that it might become a reality. Fresh updates have it that Tesla will discuss the production plan of this coming vehicle with the Indian commerce minister. These talks will involve plans to set up a Tesla production factory in India to cater for this project.
The factory in question, to be set up in India if talks are favourable, will help develop more affordable Tesla vehicles. Already, the EV company has factories around the world that produce their vehicles. For some reason, it seems to be turning its attention to India for the development of a new model that many users are anticipating.
If this pulls through, both parties will benefit from the manufacturing project in various ways. Tesla, on their part, will be able to launch and ship a new model vehicle while the Indian government will be able to earn from production taxes. Citizens of the country will also benefit from the job opportunities that this factory will bring if set up. But while we wait for the talks between Tesla and the Indian government to take place, it’s good we have a look at this affordable Tesla vehicle.
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Prospects that an affordable Tesla $24,000 EV will bring to fans and the industry at large
Currently, Tesla has four models available for purchase on their official website and partner dealerships around the world. All four models are electric with the most affordable entry starting at $40,000 which is a lot for most buyers. These possess a threat to the electrification of mobility in certain parts of the world.
To help solve this problem, some brands have begun producing cheaper EVs for sale. Some of these brands offer electric vehicles for just under $30,000 saving buyers over $10,000 in comparison with Tesla’s cheapest option. This goes to prove that Tesla is glossing out in the affordable EV market since they are yet to launch a competitor in that segment.
With the competition from China rolling out more affordable EVs, there is a need for Tesla to step up its game. The launch of an affordable Tesla vehicle will help the company have a strong stance against the competition. Establishing the factory to produce this vehicle in India will also give them direct access to a market with a growing need for such a product.
Certainly, this affordable Tesla EV will not be as performance-oriented as the existing models, but it’d certainly pack a punch. The status of the development of this vehicle will remain on hold until talks with the Indian government are successful. Until then, Tesla fans and EV enthusiasts can keep their fingers crossed in expectation of the budget EV from the brand.
