In Canada, this means the Model 3 is eligible to the federal $5,000 rebate for electric cars. In Canada, entry price is now down $5,000, from $59,990 CAN to $54,990 before options. But this good news may come with a catch: because the updated model uses the LFP battery from CATL, The $7,500 tax credit may no longer qualify after March 2023 for the Model 3 RWD. In the US, the entry-level Model 3 RWD goes from $46,990 to $43,990 – that’s a $3,000 price reduction. Major price reduction across North Americaįor the 2023 model year, Tesla carried over these technical changes, but also slashed the price off its popular sedan. The rest of the car’s specifications remain relatively the same, with a single, real-mounted motor that churns out 271 horsepower and 310 lb-ft of torque. The result is, believe it or not, even more range than before, climbing from 253 miles to 272 miles, or 407 to 438 km. To remedy this, Tesla raised the Model 3’s usable battery capacity from 53 to 60 kWh, but also did what it does best: good old software engineering to mitigate the loss of range. This means that for the same size, they typically deploy less power. On the flip side, LFP batteries are less energy dense than conventional cobalt or nickel-based types. Photo: William Clavey Improved range with the updated battery LFP batteries also yield more endurance, allowing them to regularly be charged to 100% without showing signs of early degradation. The goal? To illuminate the lithium-ion battery’s dependence on rare and highly controversial metals such as cobalt and nickel, but also to allow it to be recycled a lot easier. It’s a big deal, as it utilizes LFP (lithium ferro-phosphate or lithium iron phosphate) technology, making it the first mass-production electric vehicle to be powered by such a battery. The Model 3 you see in these pictures may seem identical to, well, all the other Tesla Model 3’s you’ve seen on the road since the car first arrived in 2018, but it now houses an all-new battery. We took the car out for a drive through a winter blizzard to see how it performs. Not only did Elon Musk’s car company break yet another sales record in 2022, it brought a slew of subtle, yet substantial improvements to its popular Model 3 compact sedan. Although the entire automotive industry is now transitioning to electric propulsion, Tesla, a pioneer in the matter, remains well ahead of the pack.
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