Why The Tesla Model 3 Has MASSIVE Price Differences Around The World
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- čas přidán 14. 06. 2024
- Where you live has a massive impact on how much the Tesla Model 3 costs. Where that's tax incentives, subsidies, transport costs, cost of living, or otherwise. But the price difference might surprise you. So to find out what's really going on, stick around as Dave Takes It On.
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In the Netherlands (still in Europe), the cheapest model 3 is €40.990, the same as in Germany. In Switzerland the model 3 is £36.300
You cant say "in France it costs X so in Europe it is also X". We are not in the £20k to £25k range.
There are more countries in Europe than just France and Norway, thou the UK is indeed high up in the prices.
I don't know if it's a pronunciation error but Yen is Japanese. China is Yuan (pronounced Yoo an).
The French system is mad. If you earn less than £13k (€15400) you can get an extra €3000 off a €36k (after €4000 subsidy). If you are earning that tiny amount I'm pretty sure you aren't going to be buying a new Tesla! 😂
Good for the how good are we factor but they know it will cost them nothing as people can't take advantage of it.
@keithdenton8386 The French scheme was a limited funded offer, it sold out.
Dave Dave Dave, please do not just take the initial value of the price on the website and you need to click further to have the country specific taxes applied, that makes the On The Road OTR price of vehicle way more expensive in some instances. Just using your example of Tesla Singapore, there is an Additional Registration Fee applicable that makes the cost almost double of the list price of $61,392SGD ARF considering the list price on the base Model 3 is $69,300 SGD. There are subsidies that can be applied but for someone to purchase a base Model 3 in Singapore, the actual lowest OTR price is $93,172 SGD, which converted to GBP is approximately £54,270. Therefore your video is very misleading and to currently buy a base Model 3 in Singapore is actually £14,271 GBP more than the cost of one in the UK.
Dave has been a little loose on facts lately having a video removed due to some inconvenient YT fact check.
@@244col I agree and wouldn’t be surprised if he retracts this video. I very much align with Dave’s thinking in general but the facts on this topic are very shallow and doesn’t help the EV cause when his argument is so easily dismantled
Remember the cost is decided on how much the buyer is willing to pay. That's what I was told when I started my business. Costa Coffee Mac Donald's Nearly four quid for a cup of coffee. A fiver for a big (HA HA BIG its tiny compared to a roadside van) I can buy a whole jar of coffee for £5.50 We pay ,they put the price up, until people stop buying. There are loads of Tesla's on the UK roads and selling very well at the price.
Oh my word....I had no idea the rest of the world was paying alamost half the price as what we do in the UK. It litterally is 'RIP OFF BRITON'. Thank you for bringing this to our attention with another great video!
His figures are wrong. there are good details of how wrong he is in some of the more recent comments
He may be wrong by a thousand dollars or so but the same car whichever model is still almost double the price in the uk. Do your own calculations as how you think it should be done and show us your results
It is a total scam that we in the UK pay such extortionate and inflated prices! We are a huge market too (Australia market is 5% of the number of EVs compared to the UK and we have Teslas manufactured on our doorstep (Berlin).
I have made a decision to never again buy a new car while this price gouge cartel exists!
I don’t know how it applies to Cars but I do know there is a 20% import duty and then on top of that a 20% VAT charge on anything imported even if it’s secondhand. I fell fell of this when I won an auction for a piece of jewellery and found myself paying over 40% more before the postman would handover the goods.
Conveniently, to make point, you left out the other parts of Europe where it costs the sams as the UK.
Been known as treasure island by manufacturers for a long time, UK prices will be subsidising sales elsewhere, lots of EU countries have punishing car tax rates so manufacturers have to discount to make sales and maintain market share in those markets.
So why is it OK for the US to give large subsidies & incentives but not the Chinese, are the EU & UK applying the same rate of tariffs on US vehicles as they are on Chinese vehicles. Personally I don't give s monkey's where it's made, I far more concerned about how much it costs, what it looks like & how good the battery management/range is.
The subsidies are for US citizens only, not for export and not given to the company for general purpose but given to the buyer to buy the car
Bear in mind a tariff is an extra cost burden on the buyer and not the seller. So any government imposing a tariff is putting it on their own citizens, not China. What will be more interesting? Is what China does in retaliation. All those expensive French fashion houses must be quaking in their expensive gilded leather stitched boots.
I've been thinking about doing this for a while but never got the motivation up to get on and do it, So thanks Dave for doing it for me.
I guess this goes some way to explain why Musk hasn't felt a great need to push making a $25k small car.
the US price is incorrect - first us prices never include state and federal taxes so you have to put that on top + it already includes "estimated fuel saving" and might also include the 7.5k gov grant if that is applicable for that model so pretty much all of that US costs is incorrect.
new model 3 cost 39k + about 6% tax so about 41,3k then you can take of 7.5k for federal grant and another 1.5k for state grant, so the final price comes to 32,3k USD so about 25.5k GBP - also not all cars that Tesla sells in US can claim the 7.5k grant, so need to be careful with stating it as a fact - model 3 RWD can but LR and performance can't - not until the batteries for those are manufactured in US or mexico
China use the Yuan or Renminbi , Japan has the Yen...
I suspect that current BIK of only 2% on electric vehicles is keeping these prices high. Let's see if they begin to come in line as that figure increases.
You should look at Ireland, were taxed a lot,46.226euro bev RwD auto 4.
It'll be interesting to see what happens assuming the UK government changes in July. Hopefully they will (re-) introduce the incentive reducing EV prices. Hopefully so!
In Singapore you have to get a permit to own a car called a Certificate of entitlement. These are very limited, are for 10 years and would cost as much or more than the car, effectively doubling or more the cost of ownerhip. Currently a C.O.E. is over $100k
But not for EV'S
But it makes sense to limit car numbers when your country is the size of Anglesey!
@@gavjlewis of course it makes sense to limit car numbers but we're talking about the cost of ownership of cars. You can't say it is cheaper than the UK when to own a Tesla or any vehicle for that matter is more than double what it would cost here. The COE is basically a tax and needs to be included just like VAT and fuel in the overall cost.
China's currency is Yuan. Japan is Yen. Did you do a China or a Japan comparison please ? Worth checking
Would be more interesting to compare the price without subsidy and before tax. Then we’ll really know if Tesla are taking the pi55.
I would double check your research for the price of the USA version of the car.
And you can bet that we adopt the tariffs the EU are imposing on Chinese vehicles pretty soon, as well.
Hi Dave, Great video. However just a correction on the USA prices Tesla displayed prices includes the potential fuel savings. If you un-click the box (includes fuel savings) and you start the order process you will see the price of the basic Model 3 is $40,630 and on top of that you need to add the Sales tax (7%, $2,844). For a total price of $43,475 - $7,500 = $35,975. Still low that in the UK primary driven due differences in Sales Tax (7%) vs VAT (20%), Tariff 10%, etc.
Yes, I stand corrected, it's difficult applying absolutely accurate prices as the states all seem to have different taxes and different incentives. I think I said I was working off list price, but should have been more explicit.
There's no subsidiaries to buying a new or even used EV in the UK any more, the government have been rubbish
There are plenty if you are a company or a company car driver, just not if you are a private buyer
Why should there be.
If you want one why would you want the taxpaying public to help you.
Just buy one yourself
You can get up to 40% via salary sacrifice.
@@archiefleming652what about tax relief on Pensions, should that be stopped too?
@DiscoDesW what tax relief?
I'm on aged pension & get well below the taxable income
Does this mean if we bought a LHD model from The Channel Islands, Cyprus, Ireland, the Isle of Man and Malta. We would get their prices and be able to bring it to the UK.
No, because the second the car at the port you will be whacked and import tax of 20% and on top of all of that another 20% vat. But I’m no expert but you wanna be really sure before doing anything like that.
I think you find the differences in import taxes and local taxes. In US they have to pay taxes after buying the car. UK always have products including all taxes. Also USA M3 standard range does not qualify for ISA and maybe also long range too. Only performance currently uses local batteries. Please get your facts straight when doing this sort of comparison.
USA $5000 out in the final slide so £23750 not £19700, so yes cheaper because we have VAT and no subsidy. So £33,325 in UK before taxes and incentives, US £31,000 before taxes and incentives...not such a great difference.
Dave, the UK list price includes VAT, I expect. Are there other fees on top of the 40k? Or can you really pay 40k and have yourself this Model 3 RWD? In the US, minus a few states, the price shown is never the price paid, sadly. And that's before dealer shenanigans, which thankfully isn't an issue with Tesla.
@1:22 You got fooled by Teslas questionable marketing and pricing info instantly... The pricing in the US is not going to be what is listed there. First the price already deducts 5k USD due to enabling the fuel cost savings. Pricing in the US don't include sales tax that varies by state.
@10:15 Again Tesla is fooling people. The real price is actually 355k NOK due to som added fees. 2400 NOK for the scrap deposit and over 16k NOK in weight tax. So its more like 26k GBP if converted.
The tax on cars is also kind of wrong. Cars are taxed based on weight and emissions. There is also the 25% VAT which EVs are exempt from for the first 500K NOK.
All I know is that the UK is being ripped off so I’m not buying one. 9.6% for a new car is insane also. £60k for a M3P 😂 good luck with that. You only need to look at the GFV to see these cars hold almost no value on the used market
1:03 why use a price that includes a 5yr - $5000 saving on gas?
Great video. Just to correct you China uses Yuan not Yen.
... would also help the comparison if you turned off the option to deduct $5,000 in gas savings from the US price... The cash price for a base Model 3 after adding destination fee (delivery) and order fee is $40,630 before any tax incentives.
That would make it around £32504 before another £6,000 is deducted making it £26504. £13400 cheaper in the US So your point is?
@@jameschapman4824 The point is not starting with misleading numbers, yes it is cheaper after tax credits to buy in the US, but not as cheap as was claimed.
@@Hakadek Just scrolled down before I made the same point, add $5k for accuracy!
@@jameschapman4824By £6,000 deduction did you mean $7500 federal tax credit? I don't think Model 3 RWD is eligible for that.
Dave, the UK list price includes VAT, I expect. Are there other fees on top of the 40k? Or can you really pay 40k and have yourself this Model 3 RWD? In the US, minus a few states, the price shown is never the price paid, sadly. And that's before dealer shenanigans, which thankfully isn't an issue with Tesla.
The EU is going to tax BYD at 17% on top of the existing 10%. China already taxes EVs manufactured outside of China at 27%.
The used car market here in Spain is bonkers. I had to pay 35k euros for my 2019 model 3 Tesla. Probably 20 k in uk
Hopefully, when Chinese market penetration in the UK increases, the currently silly Tesla prices will move Southwards. I’m certainly not buying anither Tesla (or other EV) until they do.
Dave we live in the UK we are not the extra state 9 hrs flight from here to get to the States.Tesla can do what it likes let's concentrate on Europe or China.The Chinese want to sell cheap and are banned.
Neither do I live in Australia or Singapore but many viewers do want to get an idea of how cheap or expensive EVs are elsewhere. And no, the Chinese are not banned in UK. One of the best selling EVs is the MG4, which is cheap and obviously Chinese and obviously not banned.
Should not factor in any subsidy
Why not? It is the actual price people pay for the car.
So you say he should factor in 25% VAT for Norway even though EVS have an exempt for the first 500k NOK? That is just plain stupid IMO.
Why is the Singapore model 3 so slow compared to global models. 0- 60 mph?
I wonder is any other county pays more than uk??
The Netherlands pays a bit more.
Can we import a Tesla from the USA , what would that cost?
It's the import tax and VAT that bumps up the price, you would have to pay shipping on top of VAT and import tax.
Cheers Dave
The USA price is properly down to no shipping cost and the Biden IRA act. Some European cars are shipped from China adding to cost but as you said it's down to local taxes and what the importer can get away with. But it would be interesting to look at cost as a percentile against average earnings in each region to see who is being ripped off the most. Properly the UK as we are right hand drive, like AU, but tend to pay higher taxes.
I didn't realise we pay alot more for the same Tesla product than anywhere else in the world.
We don't, he missed out, conveniently, the other countries that pay around the same.
In Ireland it cost us £32,500(€38,500) ... That must rank up there with the highest in the world 😔
No,it doesn't.
@@ziggarillo yes it does
There is a reason why countries like Germany would call the UK treasure island. We will pay anything for a new car over here.
They pay the same price for a Tesla in Germany.
Remember that the US add Tax to the RRP. I am unsure of other countries, but they are still a whole lot cheaper. Ignoring some of the price reductions you mentioned such as the French low income as they are not likely to order a Tesla, so may be closer to the £30,000. Exchange rates do make a huge differnce but would make some of these even cheaper! Otherwise I agree that we are rip off Britain.
Yes, Jay I stand corrected, I was working off list price. But as you say, the difference remains.
Check the price in Israel £44,700 😢
Hate to tell you it's not UK taxes. In Germany VAT is 19%, import duty is 10% and no subsidies (basically same as UK). Germans pay £5K less for standard range model 3 than UK. We pay nearly £12K more for the performance model 😱. Basically the arsehole who sets UK prices needs firing. And people wonder why EV penetration in UK is stalling hmmm price gouging maybe
My Chinese car is around £30,000 in China. Add import duty, car tax & 20% vat and it came in at £43,450. These are the cheap Chinese cars that must be stopped to save our car industry. Of course I’m being sarcastic the cheap Chinese cars are a myth in the UK. All cars are 50% more expensive no matter what you buy.
Daylight robbery
Why is the prices of the Tesla Model 3 around the world even world a video??? The ONLY price that is important is what we pay in the UK and if that price is going to change in July?
Hello mate Mr Tax man is out again
Completely wrong numbers for the US
Ah, yes the USA figures included the estimated gas savings of nearly $5000 but against that some states get a $2-4,000 state rebate so for some the figures are close. Apologies.
@@davetakesiton And there is no Federal $7500 tax credit for either the base RWD or the LR models. It is available for the Performance model only and then only if the individual qualifies.
Stopped watching at 1:14. Please get your facts right, uncheck the $5000 fuel saving nonsense to get actual price in the US. Thought Dave knew Tesla and their misleading pricing practices.
Noah's Ark (part 2 of 2)
NonStampCollector
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This video is so badly researched, how could he get something so simple, so wrong ? It makes me doubt all the other videos he has made.
China Tesla for 25 G is a great deal