Tesla Unveils 2 New Lower-Cost Versions of Its Model S Electric Sedan

June 9, 2016 | Kelly Tatera

Tesla Motors Model S
Photo credit: Tesla Motors

Saving the environment at a more affordable price.

The Tesla vision of a world without fossil-fuel-guzzling cars is an admirable one, but with a base price of around $70 to $75,000, a Tesla car isn’t a realistic option for everyone.

However, the company announced today (June 9) two lower-cost versions of the Model S electric sedan — the Model S 60 and the Model S 60D — starting at $66,000.

The 60 will have a range of 210 miles per charge, which is roughly double the range of electric cars from most other makers. Tesla says thanks to its electric motors, the car will go from zero to 60 miles per hour in 5.5 seconds and the top speed will be 130 mph.

The 60D is the all-wheel-drive version of the car, but Tesla hasn’t yet released its miles per charge or miles per hour figures yet.

To provide customers with more flexibility over time, a Tesla press release states that Model S 60 and 60D owners may later upgrade to a 75kWh battery with a software update in order to enhance their car’s battery capacity in the future.

In the statement, Tesla said the company decided to release the lower-cost cars because “we’ve heard from a number of people who would like to buy a Model S, but can more easily afford it only at a lower price point.”

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According to USA Today, although the 60 is priced at $66,000, Tesla estimates that the car would be effectively priced at about $50,000 after tax incentives and gasoline savings compared to driving a conventional fossil-fuel car.

Tesla says it will also have a leasing rate for the new car that will compete with rivals like Mercedes-Benz C-Class and Audi A4.

A world without cars run on fossil fuel may seem like a distant dream, but some big players in the electric car industry are fighting to speed the process along — the Netherlands recently announced that the country is fighting to ban the sale of all non-electric vehicles by 2025.

In fact, Tesla CEO Elon Musk just congratulated Norway via Twitter a few days ago for also pushing to ban the sale of non-electric vehicles by 2025:

Understandably, even the lower-cost of $66,000 for an electric car may be too steep for some, but Tesla has a mid-priced Model 3 coming onto the market late next year, which will reportedly be set at an even lower price.

Read next: 2015 Was a Record-Breaking Year for Clean Energy, Global Report Reveals

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