Tesla launches Model Y in South Korea

Seoul, Feb 12 : US electric vehicle maker Tesla on Friday launched its compact sport utility vehicle (SUV), the Model Y, in South Korea as it tries to boost sales in the country.
Tesla Korea said the Model Y is available in three trim levels here, with the starting price for the standard range model set at 59.99 million won ($54,191).
The prices for the long-range model and the performance trim are to start from 69.99 million won and 79.99 million won, respectively.
Starting this year, South Korea will give the full amount of government subsidies to electric cars that are priced below 60 million won, meaning only those who buy the Model Y standard trim can get the subsidies in full.
People who purchase the long-range trim and the performance model of the Model Y will get half of the government subsidies.
The Model Y is Tesla’s newest vehicle launched in South Korea after the Model 3 in August 2019.