Tesla Motors is on the verge of manufacturing its mass – market electric car which has been dubbed Model 3. However, according to recent statistics, clients aren’t very interested in sedans with a 12% drop in sales in August 2016. It appears that they are more interested in buying SUVs and crossovers as the sales have increased last month by 2% for this category.
As a result, many auto companies have begun to invest more in SUVs and crossovers, rather than in coups or sedans.
Tesla Motors has been, in fact, offering an SUV by the name Model X but it’s priced at $100,000 and that makes it very expensive for the average person. Recently however, Tesla CEO Elon Musk announced that the company will begin to manufacture a more affordable SUV which they’ve called Model Y and a pickup truck, but he did not offer a precise schedule for production and release.
But first, they have to complete the Model 3 which is scheduled to begin production at the end of 2017. The car is priced at $35,000 and there are already 370,000 pre-orders for it. Given the release schedule, it’s very possible that the pre-orders will be honored sometime in 2018.
Tesla Motors are not the only auto company to sell electric SUVs, there’s also General Motors which is planning to launch a Bolt crossover by the end of 2016 and Hyundai and Audi which will be launching their electric SUVs by 2018. At the same time, Volvo is planning to release two electric vehicles in 2019 and Mercedes will most certainly have one on the market by 2019.
If you’re a loyal Tesla Motors client and you are interesting in buying an all-electric cheaper SUV, then you’ll have to wait until they finish the production on the Model 3, before they get to the Model Y.