The Tesla Model 3 Will Officially Cost $35,000 Before Incentives

first_img Behold the World’s Most Adventure-Ready Electric Motorcycle The Maserati Quattroporte: Luxury You Can Sort of Almost Imagine Affording Editors’ Recommendations Lotus Unleashes an Absurd, 2,000-Horsepower All-Electric Hypercar Rumored a year ago, echoed at The Automotive World Congress, and now, finally, from the electric vehicle automaker itself, Tesla has announced that its entry-level Model 3 will retail for $35,000.On to some math:A $7,500 federal tax credit will be layered on top of the sticker price (for all buyers who at least meet a $7,500 tax liability) before state subsidies like a $2,500 credit from California, Tennessee, and Massachusetts, or a smile-inducing $6,000 from Colorado are factored in. Some states, like Georgia, refuse to offer any additional incentives, but it won’t surprise anyone that Georgian residents don’t put in many EV orders.That means Colorado residents who can collect all available credits will be able to own a Model 3 for just $21,500. For those who can only cash in on the federal government’s incentives, the Model 3 will cost $27,500.Compared to other EVs on the market, the Model 3 will be priced smack-dab in the middle of the range. Here are the following pure-EV prices, after incentives: Volkswagen’s Golf EV: $21,495, Nissan’s Leaf: $21,510, Ford’s Focus Electric: $21,670, Fiat’s 500e: $24,800, Kia’s Soul EV: $26,200, Ford’s Fusion Energi: $29,893, and BMW’s i3: $34,900.For greater perspective, the average transaction price for a new car in the U.S. is $33,800.Best of all for Tesla fans is that the Model 3 will boast a range of 200 miles or more on a single charge and Tesla’s Supercharger network is now in full swing, so rapid charging on the go won’t be nearly as much of a chore as it was when the Model S first came out.Beyond its price, information about the Model 3 is limited, but we do know it will be about 20 percent smaller than the Model S and should be styled similar to its sibling. The new vehicle’s unveiling should take place in a few weeks time. Wasp Turns Your Boring Drone Into a Flamethrowing Assault Copter The Bulletproof, Million-Dollar Ramsmobile SUV Has an Optional Hookahlast_img read more

JBIC Bankrolls Diamond LNG Shipping Duo

first_imgzoom Singapore-based special purpose companies Diamond LNG Shipping 1 and Diamond LNG Shipping 2, jointly owned by Mitsubishi Corporation and NYK Line, have secured a loan worth JPY 41.6 billion (USD 340 million) to finance purchase of liquefied natural gas (LNG) tankers.The loan agreement was signed with the Japan Bank for International Cooperation and is co-financed by Sumitomo Mitsui Banking Corporation, the Bank of Tokyo-Mitsubishi UFJ, Ltd., and Sumitomo Mitsui Trust Bank, Limited.Each of the two entities secured a loan worth JPY 20.8 billion, with JBIC financing the majority of up to JPY 14.5 billion.The loans are intended to finance the procurement of LNG tankers to be used mainly for transporting LNG produced by the Cameron LNG project located in the U.S., in which MC, NYK Line, and other Japanese companies participate.“These loans will contribute to securing for Japan a long-term and stable supply of LNG that has become increasingly important in recent years as fuel for power generation, while applying the know-how of Japanese shipping companies,” Japan Bank said.last_img read more