New Tesla Model 3 2020 pricing and specs detailed: LCT changes lower cost of electric car

Tesla Australia has lowered the pricing of two of the Model 3 mid-size sedan’s variants by $612 thanks to the new financial year’s higher Luxury Car Tax (LCT) threshold for fuel-efficient vehicles, which include all-electric models.

Specifically, the entry-level Standard Range Plus still checks in at $73,900 plus on-road costs, while the Model 3’s mid-range Long Range and flagship Performance versions now charge $91,001 and $101,401. Regardless of the variant, standard specification carries over.

As reported, the single-motor Standard Range Plus completes the 0-100km/h sprint in 5.6s and has a driving range of 460km (NEDC), according to Tesla Australia.

Comparatively, the dual-motor Long Range and Performance reach triple digits in 4.6s and 3.4s, and travel 620km and 560km between charges respectively.

For reference, the LCT threshold for fuel-efficient vehicles (consumption rating of 7.0 litres or less per 100 kilometres on the combined-cycle test) rose from $75,526 to $77,565 on July 1, the start of the 2020-2021 financial year. The tax rate remained at 33 per cent.

2020 Tesla Model 3 pricing before on-road costs

Variant Transmission Cost
Standard Range Plus automatic $73,900 (N/A)
Long Range automatic $91,001 (-$612)
Performance automatic $101,401 (-$612)