Tesla Motors has announced the next electric car coming to the market, previously named the Model E, now called the Model 3. The new series will be directly competitive with BMW’s 3 Series cars, according to Auto Express.
This is Tesla’s first car announcement and will be revealed in 2016, with sales beginning the year after. The Model 3 will be a mix between a classic sedan and a sports vehicle like the Tesla Model S.
In terms of performance, the Tesla Model 3 will be 20 percent smaller than the Model S on the road and will travel around 200 miles without charge. The Model 3 should be able to fit seven passengers, making it more of a family car.
The Model S can perform around 306 miles and the original Tesla car, the Roadster, is capable of around 240 miles. Perhaps, by the time it is officially unveiled, the Model 3 will be able to boast higher milage.
Tesla is looking to cut the costs of the Model 3 wherever possible, to make it a more budget friendly electric car. The aluminium build will not be part of the Model 3 and Tesla are looking into different battery saving technologies.
The growth of the Model S has allowed Tesla Motors to continue their push into the market, with cheaper cars. The company is currently valued at around $20 billion and continues to be a pioneer in modern electric cars.
Still, the Model S is quite pricey for the average customer and the Model X might change some of those misconceptions about electric cars, hopefully the Model 3 will offer more of the same.
In the meantime, Tesla Motors are still working on adding electric stations around the United States and in other countries, to offer Tesla customers faster and cheaper charging, against the normal gas station prices.