Tesla has officially introduced more affordable versions of its popular Model Y SUV and Model 3 sedan, priced at $39,990 and $36,990. The announcement comes at a crucial time for the electric vehicle maker, as sales have slowed and competition in the EV market continues to rise. The launch also follows the expiration of federal tax incentives for some of Tesla’s vehicles that previously benefited from those incentives and helped to make them more affordable for buyers.
Affordability is now going to be a major factor in EV purchases after the expiry of the tax incentives that previously cushioned sticker shock, so U.S. electric vehicle makers like Bollinger Innovations, Inc. (NASDAQ: BINI) need to quickly find ways to…
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