Tesla Model S Sells for 50 Percent More in China

Tesla Model S Sells for 50 Percent More in China

Tesla plans on selling its Model S Sedan for 734,000 yuan, or about $121,280 USD, when the car hits the market in China. 

That price will net you the premium 85 kilowatt hour battery pack, and puts the car in the same price bracket as some of the car’s German rivals such as the Audi S5 sedan and BMW’s 5-series GT.

“The price of a Model S in China is the same as the price of a Model S in the U.S., adding only unavoidable taxes, customs duties and transportation costs,” Tesla said in a statement on its Web site. “If we were to follow standard industry practice, we could get away with charging twice as much for the Model S in China as we do in the U.S.”

Those duties, taxes and transportation costs equal $40,300, which are added onto the vehicle’s regular price of $81,070 USD.

China is trying to meet a target of having  5 million alternative power vehicles on the road by 2020, but has been struggling due to lack of charging stations, high costs and range concerns. Subsidies coming from the government total up to 60,000 yuan for consumers who purchase an all-electric passenger car, but the market has still been having a tough time taking off.

The launch of Tesla in China will be watched closely by other automakers who have already been trying to convince consumers that an electric vehicle is worth it.

[Source: Automotive News]

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