The starting price of Tesla’s Model S is more expensive in Israel than in most others, according to data comparing multiple international figures obtained by Globes.
While the Model S will starts at about NIS 293,394 ($91,000 USD) in the U.S., the total for a buyer in Israel would come close to NIS 535,000 ($166,000 USD) – about 26 percent above prices in the UK, which is considered the second most expensive place to buy a Model S behind Israel.
While the Tesla Model S is set to deliver after the first sales and deliveries of Tesla’s Model Y in Israel, which is expected to receive approval for sale in Q4 2021.
Tesla to Open First Store in Israel in ‘Coming Months’, Says Report https://t.co/y0o6Wwz5sQ
— TeslaNorth.com (@RealTeslaNorth) June 14, 2021
The extra costs of the Tesla Model S, when it does finally become available, are a partial result of the way Israel’s vehicle taxes work, which adds a 17 percent value-added tax, a 10 percent purchase tax, and an additional tax on luxury cars costing more than NIS 300,000 ($93048 USD).
In addition to the added taxes, Tesla has increased the sale price of the Model S by nearly 27 percent, with a recent increase upping the cost to customers in Israel by NIS 20,000 ($6,203 USD).
Tesla’s first Supercharger station was also built earlier this year, located in Tel Aviv. The company also has subsequent plans to build Supercharger stations in Haifa, Eilat, and Be-er Sheva.
