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Tesla Model 3 Pricing in Canada

Tesla Model 3 Pricing in Canada

The Tesla Model 3 has taken the Canadian automotive market by storm since its introduction in 2019. This sleek and innovative electric vehicle (EV) has captured the attention of eco-conscious drivers across the country, thanks to its impressive range, exhilarating performance, and relatively affordable price point compared to Tesla’s higher-end models.


As Canadians have become increasingly conscious of their environmental impact and the need for sustainable transportation solutions, the Model 3 has emerged as a compelling option. Its eye-catching design, with its low-slung stance and minimalist aesthetic, has undoubtedly contributed to its popularity, appealing to those seeking a vehicle that not only reduces their carbon footprint but also exudes a sense of style and modernity.


One of the key factors driving the Model 3’s success in Canada is its impressive range. With the Long Range variant boasting a range of up to 637 kilometers on a single charge, it alleviates the “range anxiety” that has historically been a barrier for many consumers considering an EV. This range, coupled with Tesla’s expanding network of Superchargers across the country, makes the Model 3 a practical choice for both urban commuters and those embarking on longer road trips.


Moreover, the Model 3’s performance capabilities have garnered widespread acclaim, challenging the notion that EVs are inherently sluggish or underwhelming. With blistering acceleration and agile handling, the Model 3 delivers an exhilarating driving experience that rivals many gasoline-powered sports sedans. The Performance variant, in particular, can sprint from 0 to 60 mph in a mere 3.1 seconds, making it one of the quickest production cars on Canadian roads.


Perhaps most significantly, the Model 3’s relatively affordable price point compared to Tesla’s flagship Model S and Model X has made it accessible to a broader range of Canadian consumers. While still a premium vehicle, the Model 3 has opened the door for many eco-conscious buyers who may have previously been priced out of the EV market. With its combination of cutting-edge technology, impressive performance, and relative affordability, the Model 3 has undoubtedly disrupted the automotive landscape in Canada, paving the way for widespread EV adoption.

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Base Model 3 Price in Canada for 2023

The entry-level Tesla Model 3 rear-wheel drive has become even more attainable for Canadian buyers in 2023 thanks to a recent $3,000 price drop. The base Model 3 now starts at an MSRP of $50,990 before applicable fees and taxes.

This aggressive new price point makes the Model 3 sedan quite competitive with gas-powered luxury vehicles from brands like BMW, Mercedes, and Audi when you factor in the lower operating costs of an electric vehicle. It’s an impressive value proposition for a premium EV packed with cutting-edge technology and Tesla’s trademark performance.

For the $50,990 starting MSRP, you get a single motor rear-wheel drive Model 3 with an estimated range of 438 km on a full battery charge. Performance is still respectable with a 0-60 mph time of 5.3 seconds. While not as blistering as the pricier dual-motor versions, it’s more than adequate for most drivers.

Standard features on the base Model 3 include Tesla’s minimalist interior with a 15-inch touchscreen display, autopilot driver assistance capabilities, over-the-air software updates, and a premium audio system. The sleek aerodynamic exterior design gives the Model 3 a drag coefficient of just 0.23.

 

Long Range and Performance Model 3 Pricing

For Canadian buyers seeking more driving range and quicker acceleration, Tesla offers two upgraded Model 3 variants at higher price points. The Long Range model starts at $60,990 CAD, providing a significant boost to 637 km of estimated range on a full battery charge. This trim level also upgrades to a dual motor all-wheel drive system for improved traction and handling.

Those prioritizing blistering straight-line performance can opt for the range-topping Performance trim. Priced from $69,990 CAD, the Performance Model 3 lives up to its name by rocketing from 0-96 km/h (0-60 mph) in just 3.1 seconds thanks to its more powerful dual motors. The increased performance does reduce the range slightly to an estimated 576 km, but still provides more than enough for most daily driving needs.

Both the Long Range and Performance models benefit from enhanced regenerative braking capabilities to maximize efficiency. They also include premium interior appointments like heated seats and a premium audio system. For the true driving enthusiast, the Performance variant adds lowered suspension, higher performance brakes, and aluminum alloy pedals.

 

What’s Included in the MSRP?

The sticker price you see advertised for a new Tesla Model 3 in Canada isn’t the full picture of what you’ll pay. The Manufacturer’s Suggested Retail Price (MSRP) has some additional costs baked in, as well as incentives that reduce the overall price.

First, the MSRP includes a mandatory destination and delivery fee that currently runs $1,370 for all Model 3 trims in Canada. This covers the cost of shipping the vehicle from Tesla’s factory to the delivery center.

On top of the MSRP, you’ll need to pay the applicable sales taxes for your province. In Ontario for example, that’s 13% HST added to the total.

However, the federal government’s $5,000 EV incentive is already subtracted from Tesla’s listed prices. And if you live in Quebec or British Columbia, you can knock off an additional $3,000 or $8,000 respectively from the sticker due to their generous provincial EV rebates.

It’s also important to note that the MSRP only covers the base vehicle and standard equipment. Any optional upgrades like different wheels, paint colors, Enhanced Autopilot, or Full Self-Driving Capability will be extra costs on top of the advertised price.

 

Federal and Provincial EV Incentives

When it comes to making the switch to an electric vehicle like the Tesla Model 3, Canadian buyers can benefit from generous government incentives. These take the form of tax credits and rebates that can significantly reduce the upfront cost of purchasing an EV.

At the federal level, the Canadian government offers a tax credit of up to $5,000 on eligible zero-emission vehicles. To qualify, the vehicle must have a base MSRP of less than $55,000. The Tesla Model 3 in its base configuration easily meets this criteria.

In addition to the federal incentive, several provinces offer their own rebates for EV purchases. In Quebec, there is a rebate of up to $8,000 on new EVs. British Columbia’s rebate maxes out at $4,000, while in Ontario, the rebate is $8,506 for vehicles with an MSRP under $55,000.

By combining the federal tax credit with provincial rebates where applicable, buyers can potentially save over $13,000 on the purchase of a new Tesla Model 3. This makes the EV’s pricing extremely competitive with comparable gasoline-powered models when factoring in long-term fuel savings.

It’s important to note that incentive amounts and eligibility rules can change over time, so buyers should check the latest details from federal and provincial sources. But overall, generous rebates help put premium EVs like the Model 3 within reach for more Canadian consumers.

 

Estimated 5-Year Cost of Ownership

While the sticker price is an important factor, it’s crucial to consider the total cost of ownership over several years. The Tesla Model 3 is expected to have significantly lower operating costs compared to a gasoline-powered vehicle, potentially saving Canadian drivers thousands of dollars in the long run.

Let’s break down the estimated 5-year costs for a base Model 3 Rear-Wheel Drive against a comparable gas-powered luxury sedan:

 

Tesla Model 3 RWD

  • Purchase price: $50,990
  • Electricity costs (15,000 km/year @ $0.15/kWh): $2,250
  • Maintenance and repairs: $1,500
  • Insurance: $6,000
  • Depreciation (45% over 5 years): $22,945
  • Total 5-year cost: $83,685

 

Luxury Gas Sedan

  • Purchase price: $45,000
  • Fuel costs (15,000 km/year @ 9L/100km @ $1.50/L): $10,125
  • Maintenance and repairs: $4,000
  • Insurance: $7,000
  • Depreciation (55% over 5 years): $24,750
  • Total 5-year cost: $90,875

 

As the numbers illustrate, the Tesla Model 3 could save you around $7,190 over five years compared to a similar gas-powered luxury sedan. The savings primarily come from lower fuel/electricity costs and reduced maintenance requirements for the EV’s simpler powertrain.

It’s important to note that these estimates can vary based on factors like your driving habits, local electricity rates, and the specific gas vehicle you’re comparing against. However, the general trend shows that EVs like the Model 3 can provide significant long-term cost savings for Canadian drivers.

 

Driving the Tesla Model 3

Behind the wheel, the Tesla Model 3 delivers an exhilarating driving experience that has helped cement its status as one of the most desirable electric vehicles on Canadian roads. Even the base rear-wheel-drive model packs a punch, with instant torque that pins you back in your seat off the line. The 0-60 mph sprint takes just 5.3 seconds, which is seriously quick for a compact sedan.

Upgrade to the Long Range dual-motor all-wheel-drive configuration, and the Model 3’s performance reaches another level. With two motors powering all four wheels, this variant dashes from 0-60 mph in just 4.2 seconds. The handling feels sharper and more planted too, with the AWD system providing tenacious grip around corners.

If you crave maximum thrills, the Model 3 Performance is the one to get. Thanks to revised motors and other go-fast upgrades, this top dog will blast to 60 mph in a blistering 3.1 seconds. It corners like it’s on rails yet remains comfortable enough for daily driving duties. The Performance model also benefits from a lowered suspension and performance brakes for even sharper responses.

No matter which Model 3 you choose, the driving experience is sure to put a smile on your face. The precise steering and minimal body roll imbue it with sporting road manners that many gas-powered sports sedans struggle to match. And with the battery pack mounted low in the chassis, these Teslas possess an ultra-low center of gravity that further aids agility.

Of course, it’s not all about straight-line speed and handling prowess. The Model 3 also pampers with a serene driving experience free of engine vibrations or noise. Even at highway speeds, it remains a quiet and relaxing place to spend time behind the wheel. For many owners, this electric refinement and smooth, silent operation is just as appealing as the engaging driving dynamics.

 

Model 3 Battery Range Ratings

One of the key selling points of the Tesla Model 3 is its impressive battery range. With multiple battery pack options, buyers can choose the range that best suits their driving needs and budget.

The base Model 3 with the standard battery is rated for an EPA range of 272 miles (438 km) on a single charge. For Canadian buyers, Natural Resources Canada (NRCan) estimates this model’s range at 388 km.

Stepping up to the Long Range AWD variant provides a significant boost. This Model 3 is rated at 358 miles (576 km) by the EPA and 576 km by NRCan’s testing. That’s enough range for many owners to only need to charge once or twice a week.

At the top of the line is the Performance AWD model, which sacrifices a bit of range for incredible straight-line acceleration. Still, it achieves an EPA-estimated 315 miles (507 km) and 506 km per NRCan’s methodology.

It’s worth noting that real-world range can vary based on driving conditions like cold weather, aggressive acceleration, use of heating/air conditioning, and other factors. However, Tesla’s range ratings are among the most accurate for any EV on the market today.

 

Interior and Tech Features

The Tesla Model 3 sports a strikingly minimalist interior design that puts the focus squarely on the massive 15-inch touchscreen display. This vertically-oriented screen controls virtually every vehicle function, from navigating to media to adjusting climate settings. While some find the lack of traditional buttons and knobs jarring at first, the intuitive interface quickly becomes second nature.

Beyond the striking aesthetic, the Model 3 cabin boasts an airy, open feel thanks to the glass roof that bathes the interior in natural light. Premium materials like the optional white premium seats lend an upscale vibe. The front trunk (“frunk”) under the hood provides a clever storage solution.

Of course, the real tech magic happens with Tesla’s renowned self-driving capabilities accessed through the Autopilot system. Using an array of cameras, sensors and computing power, Autopilot can automatically steer, accelerate and brake the Model 3 under certain conditions. While it’s not yet fully autonomous driving, it handles many routine tasks to reduce driver fatigue.

Speaking of tech prowess, the Model 3 receives over-the-air software updates just like a smartphone. These wireless downloads introduce new features, performance improvements and bug fixes over time. Your Tesla actually gets smarter and more capable as you own it.

 

Model 3 Safety Ratings

When it comes to safety, the Tesla Model 3 has consistently earned top marks from leading automotive safety agencies. The National Highway Traffic Safety Administration (NHTSA) awarded the Model 3 its highest overall safety rating of 5 stars, with 5-star ratings in the frontal crash, side crash, and rollover tests.

The Insurance Institute for Highway Safety (IIHS) named the Model 3 a TOP SAFETY PICK+ for 2023, its highest honor. The electric sedan earned top “Good” scores in all six IIHS crashworthiness tests, including the challenging small overlap front test. Its standard front crash prevention system also received the highest “Superior” rating for vehicle-to-vehicle and vehicle-to-pedestrian front crash prevention.

Contributing to these impressive safety scores is the Model 3’s rigid aluminum and steel body structure, designed to protect occupants in a collision. Its large front crumple zones help absorb and distribute impact forces. Additionally, Tesla’s advanced driver assistance features like automatic emergency braking, collision warning, and blind-spot monitoring help drivers avoid accidents in the first place.

 

Buying a Used Tesla Model 3

While the allure of a brand new Tesla Model 3 is strong, many Canadians are looking to the used market to score a deal on this popular electric vehicle. With the Model 3 now a few years into its lifecycle, there are an increasing number of pre-owned models hitting the market as early adopters look to upgrade.

Buying a used Tesla Model 3 can potentially save you thousands over the new car price, but it requires doing your due diligence. Here are some key considerations when shopping for a pre-owned Model 3:

 

Pricing: Expect to pay anywhere from $35,000-$55,000 for a used Model 3 depending on the year, trim level, mileage, and condition. Long Range and Performance models will command a premium. Check pricing guides like Canadian Black Book to gauge fair market values in your area.

Battery Health: EV battery degradation is a concern over time. Get an independent inspection to assess the battery’s state of health and remaining capacity. Look for models with 80% or more of the original range remaining.

Vehicle History: Run a vehicle history report to check for any previous accidents, repairs or outstanding recalls. Ensure all software updates have been applied. Verify the authenticity of the original owner’s documentation.

Maintenance Records: While EVs require less maintenance than gas cars, check that all scheduled services were performed, especially for high-mileage examples. Tesla’s limited warranty may still be in effect if purchasing from an authorized re-seller.

Inspect Thoroughly: Give the car a thorough inspection inside and out. Check for any fit and finish issues like misaligned panels or poor paint quality. Test all features and tech functions. Take it for an extended test drive to assess performance, handling and range.

 

With some savvy shopping, you can find a great deal on a “unicorn-spec’d” used Model 3 and enjoy all the benefits of Tesla ownership at a discounted price. Just be sure to buy from a reputable source and have it inspected by an independent mechanic familiar with EVs.

 

Pros and Cons of Owning a Tesla Model 3

The Tesla Model 3 offers a compelling mix of advantages and drawbacks that buyers should carefully consider before taking the plunge into electric vehicle ownership.

 

Pros:

  • Impressive driving range of up to 637 km on a single charge with the Long Range model, alleviating range anxiety.
  • Exhilarating acceleration and performance, with the Performance model rocketing from 0-60 mph in just 3.1 seconds.
  • Access to Tesla’s vast Supercharger network for convenient fast charging on longer trips.
  • Over-the-air software updates keep the car’s technology and features fresh and up-to-date.
  • Advanced driver assistance features like Autopilot and Full Self-Driving capability (at an extra cost).
  • Lower operating costs compared to gas-powered vehicles, with electricity being cheaper than gasoline.
  • Environmentally friendly with zero direct emissions, supporting a cleaner future.

 

Cons:

  • High initial purchase price, even after government incentives, may put the Model 3 out of reach for some buyers.
  • Limited interior storage space and trunk capacity compared to similarly sized gas-powered sedans.
  • Minimalist interior design with few physical buttons or controls, requiring heavy reliance on the central touchscreen.
  • Potential quality control issues like panel gaps or other fit-and-finish problems.
  • Charging times can be lengthy, especially on lower-powered Level 1 or Level 2 chargers.
  • Limited availability of public charging infrastructure in some areas of Canada.
  • Resale values for used Tesla models are still uncertain due to the relatively new technology.

 

Charging a Tesla Model 3 in Canada

One of the key considerations for EV ownership is access to convenient and reliable charging options. Fortunately, Tesla has been proactive in building out an extensive charging network across Canada to support Model 3 owners.

At home, Model 3 owners can simply plug into a standard 120V household outlet for a slow “trickle” charge, adding around 6-8 km of range per hour. For faster charging at home, Tesla recommends installing a 240V Wall Connector, which can deliver up to 56 km of range per hour of charge.

When you need to charge on the go, Tesla provides two main options for Canadian Model 3 drivers: the Destination Charging network and the Supercharger network. Destination Chargers are Level 2 chargers located at hotels, restaurants, shopping centers and other venues, offering charging speeds similar to the Wall Connector.

However, Tesla’s crown jewel is its Supercharger network – the world’s fastest recharging system. With thousands of Supercharger stalls strategically located along major highways and urban corridors, Model 3 owners can rapidly charge at rates of up to 250 kW. This allows them to replenish 200+ km of range in just 15 minutes, making long road trips a breeze.

From British Columbia to Nova Scotia, Tesla has been rapidly expanding its Supercharger presence across Canada. Major routes like the Trans-Canada Highway are well covered, and new stations are frequently added to improve charging accessibility, even in remote regions.

 

Model 3 Competitors in Canada

While the Tesla Model 3 has been a trailblazer in making electric vehicles more mainstream, it’s not the only compelling EV option for Canadian drivers. Several automakers have released their own affordable long-range EVs to rival the Model 3’s combination of performance, range, and cutting-edge tech.

The Hyundai Ioniq 5 and Kia EV6 are two of the most direct competitors. Both offer a similar size category as the compact Model 3 sedan with hatchback utility. Their 800V battery architectures allow ultra-fast DC charging speeds that can even surpass Tesla’s Supercharger network.

The Ioniq 5 Long Range AWD boasts up to 488 km of range and starts around $54,000 in Canada after incentives. The EV6 Wind AWD tops out at 499 km of range for around $57,000. Both tout eye-catching modern styling and a premium tech-laden interior.

Another formidable rival is the Volkswagen ID.4 electric SUV. While boxier in shape, it provides more interior space than the Model 3. The ID.4 Pro S Plus tops out at 522 km of range for around $55,000 after rebates. Its minimalist interior features a massive touchscreen and augmented reality head-up display.

Looking at longer range, the Ford Mustang Mach-E GT Extended Range boasts up to 491 km per charge while delivering thrilling muscle car performance. Pricing starts around $68,000 though, placing it closer to the Model 3 Performance territory.

Ultimately, while the Model 3 has more brand cachet and advanced self-driving capability, the competition is heating up. Canadian EV buyers have plenty of compelling alternatives to cross-shop against Tesla’s benchmark electric sedan.

 

Should You Buy a Tesla Model 3 in Canada?

After examining all the factors around pricing, ownership costs, performance, features, and charging convenience, is the Tesla Model 3 the right electric vehicle for you in Canada?

The Model 3 certainly has a lot going for it that make it an appealing option for eco-conscious Canadian drivers. Its combination of impressive range ratings up to 637 km, thrilling acceleration even in base form, and high-tech features give it a distinct edge over most competitors.

Importantly, the Model 3 now starts at a more affordable $50,990 for 2023 before incentives. And with an estimated 5-year cost of ownership that undercuts gas-powered luxury sedans, it delivers long-term value to go with Tesla’s cutting-edge tech and over-the-air updates.

However, the Model 3 isn’t without downsides that may give some buyers pause. Its interior is quite minimalist, with a heavy reliance on the central touchscreen to control most functions. Build quality concerns around panel gaps and other fit-and-finish issues have also persisted for Tesla.

Overall, the Tesla Model 3 makes an excellent choice for Canadian buyers who want to go electric without sacrificing premium performance and tech features. Its lower pricing for 2023 makes it even more compelling, especially for those able to maximize government rebates and incentives.

The Model 3 is tailor-made for professionals, tech enthusiasts, and drivers who want a decidedly modern take on the premium sport sedan. If that sounds appealing and you can adapt to Tesla’s unique interior layout and controls, the Model 3 delivers an exhilarating, efficient driving experience that’s hard to top.

 

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Questions About Tesla Model 3 Pricing in Canada

The Tesla Model 3 starts at a manufacturer’s suggested retail price (MSRP) of $50,990 in Canada for the 2024 model year. With options and fees, expect to pay between $55,000-$65,000 for most versions of the Model 3. The Model 3 comes in three trims:

 

– Rear-Wheel Drive – Starts at $50,990 MSRP

– Long Range All-Wheel Drive – Starts at $60,990 MSRP

– Performance All-Wheel Drive – Starts at $69,990 MSRP

 

Prices may vary by province due to differences in provincial EV incentives and taxes.

For a 60 month finance term on a $60,000 Tesla Model 3 Long Range AWD, expect monthly payments around $1,100 at current interest rates. With a higher down payment or shorter term, payments could be under $1,000 per month. Always get pre-approved to see actual monthly payments.

The federal government offers up to $5,000 off for qualifying electric vehicles through its iZEV program. Some provinces like Quebec and British Columbia also offer provincial rebates up to $8,000. The total rebate amount will vary by location. Use Tesla’s incentives tool to see rebates for your area.

Expect to pay $150-$300 per month for insurance on a Tesla Model 3 in most parts of Canada. Premiums are based on your driving history, location, age and other factors. Get quotes from multiple insurers to find the best rate. Tesla Insurance is now available in some provinces as well.

The 2024 Tesla Model 3 Long Range AWD is rated at 358 miles of range by Transport Canada testing. The Rear-Wheel Drive Model 3 is rated at 438 miles. Range will vary in real-world driving based on speed, climate, topography and other factors.

Using a 240V Level 2 charger, the Model 3 can charge from 10% to 100% in around 10-12 hours. On a Tesla Supercharger, charging from 10-80% takes just 30 minutes. Charging times will vary based on battery size and charging equipment.

Yes, the Tesla Model 3 is fully eligible for Canada’s up to $5,000 iZEV federal rebate as it is a fully electric vehicle with a base MSRP under $55,000. The Model 3 also qualifies for additional provincial rebates in BC, Quebec and other regions.

Installing a 240V/40A home charger for the Model 3 costs $800-$1,500 on average. This covers the EVSE unit, electrical materials and labor. A basic 120V outlet to trickle charge overnight can cost as little as $100-200.

Pros: Excellent driving range, fast charging, high-tech interior, advanced driver aids, smooth powerful acceleration, lower fueling/maintenance costs than gas cars.

 

Cons: Expensive compared to some EVs, limited service center access in some areas, quality control issues in early models. No federal rebate for higher trims.

In the 2022 AutoTrader.ca Electric Vehicle Owner Satisfaction survey, 93% of Canadian Tesla Model 3 owners said they would purchase the Model 3 again. This suggests very high satisfaction and reliability for the Model 3 among Canadian EV drivers.



Charging a Model 3 in Canada costs around $0.20 per kWh. This equates to $10-15 per 500 km of driving. By comparison, a gas car averaging 8L/100 km would cost over $50 for the same distance at current fuel prices. EV charging provides 60-80% savings.

Yes, Canadian winter weather can reduce range in the Model 3 by 15-30%, depending on outside temperature and battery conditioning. Using seat heaters instead of cabin heat can help minimize range loss. Tesla’s advanced thermal management still makes the 3 one of the least affected EVs.

With available all-wheel drive, advanced traction control and high ground clearance compared to some EVs, the Tesla Model 3 performs very well in Canadian winter conditions. Combined with efficient cold weather range and fast charging, it is one of the best electric vehicles for winter driving.

With the rear seats folded down, the Tesla Model 3 provides 47 cubic feet of storage capacity. There is also a front trunk (frunk) with an additional 2 cubic feet of cargo space, for a total of 49 cubic feet max. This makes the Model 3 surprisingly practical despite its compact sedan design.

Unfortunately, the Tesla Model 3 is not rated for towing in Canada. While the Model 3 has rear wheel drive and strong acceleration, Tesla does not recommend using it for towing trailers or cargo. If you need towing capability, the larger Tesla Model X SUV is rated to tow up to 2,250 kg.

No, Tesla requires that all maintenance and repairs be done through Tesla’s own service network in Canada. There are over 30 Tesla service centers across the country that can service your Model 3. Mobile service vans can also provide some repair and maintenance services at your home or office location when necessary.

A set of four installed winter tires for the Model 3 typically costs around $1,000-1,500 in Canada. Nokian, Michelin and Bridgestone are top recommended winter tire brands for Teslas. Tires should be rotated every 12,000 km and replaced after 50,000-80,000 km.

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