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Tesla Launches Cheaper EV Models After Federal Incentives Expire

Tesla launches affordable Model Y and Model 3 versions priced at $39,990 and $36,990 as federal tax incentives expire, signaling new EV affordability focus.

This development directly impacts consumers by making electric vehicles more accessible at a time when federal tax incentives have disappeared, potentially accelerating EV adoption among budget-conscious buyers. For the broader market, Tesla's price adjustments signal a new phase of intensified competition where affordability becomes the primary battleground, forcing other manufacturers to respond with their own pricing strategies. This shift could ultimately drive down EV costs industry-wide, making sustainable transportation more mainstream while putting pressure on traditional automakers to match Tesla's aggressive pricing in the electric segment.