China: Tesla Model 3/Model Y Prices Go Up Due To Lower Subsidies

Media reports that the entry-level versions of Tesla Model 3 and Tesla Model Y cars in China are now more expensive (for new orders). This is not because the manufacturer has increased the prices, but because the eligible subsidy next year will be further lowered, from 15,840 yuan ($2,478) to 11,088 CNY ($1,735). This change will affect the entire industry in China, not just the Tesla brand, but as the market expands very quickly, it's not expected to have any substantial effect. The incentive is available for BEVs under 300,000 CNY, and without a price cap if a vehicle has…