https://electrek.co/2019/08/14/tesla-model-3-south-korea-incentives/
Tesla launches Model 3 in South Korea for as low as ~$26,000 with incentives
Aug. 14th 2019  Fred Lambert

[image  
https://i2.wp.com/electrek.co/wp-content/uploads/sites/3/2017/02/tesla-korea-e1487353471798.png
]

Tesla has officially made the Model 3 available in South Korea and the
vehicle could prove really popular thanks to large incentives bringing the
price down to as low as ~$26,000.

The automaker originally had some issues entering the Korean market.

Tesla buyers didn’t have access to the very generous electric vehicle
incentive of up to 26 million won (~$21,000 USD) offered by the government.

The reason for the ineligibility was pretty ridiculous for anyone familiar
with long-range electric vehicles. For an EV to be eligible for the
incentive, the electric car needed to be able to fully charge in under 10
hours using a standard outlet.

It unfairly gives an advantage to vehicles with small battery packs and
shorter ranges. Vehicles with larger packs and longer ranges, like Tesla’s,
can charge in under 10 hours, but by using level 2 chargers or
fast-charging, not a standard outlet. Other EV incentive schemes, like
California’s ZEV mandate, include charging speed restrictions, but they are
nowhere near as restrictive as this Korean scheme.

Realizing the error back in July 2017, the government fixed the rule and
Tesla has been doing a little better in the market, but Model S and Model X
remain expensive.

With the Model 3, the incentives will make a much bigger difference.

A Tesla spokesperson told the Korea Times that they started taking orders
for Model 3 in the market this year:

    “We are receiving orders for the Model 3 through the company’s webpage
in Korea,”

The Model 3 starts at 52 million won (~$43,000 USD) in the country, but with
the central government’s subsidy worth 9 million won and even bigger
provincial subsidies, the Model 3 could start at less than 32 million won
(~$26,000 USD) with incentives.

South Korea is a relatively big automotive market with over 1 million
passenger cars sold per year, but it is dominated by domestic brands like
Hyundai and Kia.

Local subsidies have greatly accelerated EV sales in the country last year
and with the launch of new models, like Tesla’s Model 3, EV adoption is
expected to be even greater in South Korea this year.
[© electrek.co/]


+
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Tesla Smart Summon takes on speed bumps and shadows in run up to V10 release
August 11, 2019  Prior releases have built upon the basic feature in the
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https://www.teslarati.com/wp-content/uploads/2019/08/smart-summon-speed-bump-2.jpg




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