PHOTO: Courtesy of Tesla, Inc. Tesla put the Philippine EV market on notice with its shockingly competitive prices, during its launch earlier in November. In its home market of the USA, Tesla EVs are able to sell at accessible price points, thanks to the government’s tax credits and consumer incentives for purchasing EVs that reduce actual pricing by around $7,500 (around P437,000). In 2025, Tesla could get even more competitive with an entirely new EV, currently dubbed the ‘Model Q.’ In a Deutsche Bank report shared by Carscoops, Tesla is expected to price the Model Q around $37,499 (P2.2 million), or $30,000 (P1.75 million) after the tax credits and incentives. It joins the Model 3 as the most accessible Tesla models in the United States. PHOTO BY Dinzo Tabamo Locally, the Tesla Model 3 and Model Y are priced somewhere between the full retail price and the price after tax credits. That creates a real possibility that if Tesla decides to bring the Model Q to the Philippines, it could sell for well under P2 million. Currently, the most affordable Tesla sold here is the P2.1 million Tesla Model 3 RWD. OTHER STORIES YOU MIGHT HAVE MISSED: