Tesla has faced a problem on largest market in Europe

Tesla Model 3 buyers on the largest European market in the UK will be forced to pay more, since the country’s authorities cut the subsidies for the purchase of electrocars, writes Bloomberg.

Great Britain’s transport authorities reduced the benefits for electric cars, vans and trucks from 3000 to 2500 pounds sterling (3491 dollars). Such a decision may result in problems for autohydigant and undermine the TESLA position in the UK. Prices for Tesla Model 3 start from 40,490 pounds sterling (more than 56 thousand dollars).

The Government of Great Britain collided with pressure and tries to shut down the hole in financing remaining after the pandemic. The authorities argue that buyers of more expensive electric vehicles can afford to buy them and without financial assistance. Since 2019, in the country, the number of electrocars worth less than 35,000 pounds of sterling (about 48 thousand dollars) has increased by almost 50 percent. The authorities stated that they would continue to offer tax breaks for electric vehicles.

Previously, the Lansdowne Partners officer Lansdowne Partners named Tesla shares “bubble”, which can “burst” at any time. The financier is confident that this year will be the “return time” for traditional automakers, among which he highlights German Volkswagen.

/Media reports.