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Alsharq Tribune- GB news
Prices of new Tesla models around the world are rising as drivers face massive cost hikes for new electric vehicles.
Drivers may have to pay thousands extra to get their hands on a new Tesla as prices jumped significantly in the United States and Germany
The price of a new Tesla Model S in Germany has jumped from €92,990 (£77,465) to €109,990 (£91,627) - a hike of 18 per cent. A similar 11 per cent hike can also be seen for the Plaid variant which now costs €119,990 (£99,957).
Price rises have also been seen in the United States where the cost of a Model X all-wheel drive has increased from $79,990 (£66,635) to $84,990 (£70,800).
This now means the vehicle will not be eligible for the US Government's tax credit for new clean vehicles purchased after 2023 in a further hit to drivers.
Motorists can get a $7,500 (£6,247) tax break if they buy an electric vehicle or fuel cell vehicle. However, it must cost less than $80,000 (£64,490) meaning the Tesla Model X is now not eligible.
While Tesla has not given a reason for the price increases, the brand has reintroduced an incentive that CEO Elon Musk said would never come back because it was unsustainable.
Drivers interested in buying a Tesla could benefit from free Supercharging when they purchase a Model S or Model X.
Only three models are available on the UK website if someone wants to buy a new vehicle, namely the Model 3, Model Y and the new Model Y.
The entry-level Model 3 will set drivers back £39,990, while the Long Range Model Y costs £46,990. The upgraded Model Y costs £60,990 and will begin deliveries in May.
Drivers who invest in a Model 3 will avoid paying the Expensive Car Supplement by just £10, allowing them to avoid five years of additional costs worth £410 per year.
The ECS applies to vehicles with a list price of more than £40,000 and has a particular impact on electric vehicles since only three per cent of available models on the market cost less than £30,000.
It comes as the brand is reportedly looking into opening a showroom on London's famous Oxford Street in a bid to boost its visibility across the UK.
In January, Chinese electric vehicle giant BYD sold 1,614 passenger cars, while data from the Society of Motor Manufacturers and Traders (SMMT) showed Tesla sold just 1,458.
To combat the rise of Chinese brands taking the title of best-selling electric car manufacturer in the UK, Tesla could look to one of the capital's busiest locations for greater exposure.
The Telegraph reports that Tesla is keen to display its vehicles and other pieces of technology in what would become its flagship showroom.
