What will Tesla Model 3 pricing look like in Australia?

Tesla logo in black and white

We’re probably some 6 months away from having any sort of detail around the Model 3 in Australia, in fact I’m guessing we’ll see more details about right hand drive variants of the Model 3 in the UK before Australia.

However, lots of conversations I have with friends and other Tesla enthusiasts revolve around what the pricing might look like here, especially when we take into account local taxes, delivery charges, stamp duty, registration, currency conversion from the US dollar and where required, the luxury car tax. Let’s start to have a look at a few configurations, I’ll be assuming a currency conversation of AUD $0.70 to a USD $1, registration and insurance charges based on residents in New South Wales. Note that these are all estimations but should give a good general indication.

Mid Range, Deep Blue paint, Premium Interior – $47500 USD

  • AUD Base – $67857
  • Goods and services tax – $6786
  • Dealer delivery fee – $1000
  • Stamp duty – $2882
  • Registration/Insurance – $1183
  • Total – $79708

Long Range, Red Multicoat paint, 19inch Alloy Wheels, Autopilot – $63000 USD

  • AUD Base – $90000
  • Goods and services tax – $9000
  • Luxury car tax – $7920
  • Dealer delivery fee – $1000
  • Stamp duty – $4496
  • Registration/Insurance – $1183
  • Total – $113599

Performance, Midnight silver paint, 20inch Alloy Wheels, Autopilot, White interior – $71500 USD

  • AUD Base – $102143
  • Goods and services tax – $10214
  • Luxury car tax – $12328
  • Dealer delivery fee – $1000
  • Stamp duty – $5384
  • Registration/Insurance – $1183
  • Total – $132252

As you can see from this very initial analysis, the current AUD/USD conversion rate isn’t fantastic and this could impact the pricing we see here down under.

Other than a slight reduction in luxury car tax threshold for fuel efficient vehicles (vehicles under AUD $75,526 that are classified as fuel efficient (<7 litres of fuel / 100km) don’t have to pay the luxury car tax) the Australian government has zero incentives in place to lure Australian’s into EV’s, in my view this clearly has to change.

The US up until December 31st 2018 had tax credits of $7500 USD when an EV was purchased, this has now dropped to $3750 USD until June 30th 2019. A similar tax credit approach in Australia in my opinion would clearly see the uptake of EV’s increase.

Credit to the Model 3 Price Calculator – Australia at https://model3priceaustralia.com/

Thanks for reading!

Share:

Author: Adam

2 thoughts on “What will Tesla Model 3 pricing look like in Australia?

  1. Nice breakdown, what state are these taxes based on? As it varies state to state, tho not by much but just interesting to know. Also my understanding of the US tax credit is that this is applicable for individual Manufacturers of Evs up to a specific production number per company which Tesla is the only manufacturer to reach this I think therefore the reduction from 7500usd. The full tax credit is still available for other manufacturers like hyundai, kia, nissan etc. I hope in Aus we get some meaningful policy action around the uptake of EVs as a result of the parliamentary inquiry and or change in government tho i dont think Labor have a policy?

    1. Thanks very much for reading Jarrad!

      Apologies that I didn’t specify the state in my estimations. It was based on NSW and I’ve edited the blog post to reflect this information.

Leave a Reply

Your email address will not be published.