Tesla has cut prices of its Model Y in Ireland by up to 24pc, writes Brian Byrne. The company has also reduced the price of its main seller, the Model 3. This means that at a starting price of €46,990, two versions of the model Y now qualify for the SEAI €5,000 EV incentive grant. The previous price of the entry RWD car was €59,450. The top grade, the Model Y AWD Performance, has had its price cut from €72,990 to €63,990. The new starting price of the Model 3 is €44,490, with the Performance version now topping the model range at €59,990. Tesla says the reductions are because of a ‘normalisation’ of some cost inflation and economies of scale due to localisation of production globally. The move follows price cuts announced in the US market on Thursday. Tesla sold 1,112 cars in Ireland last year and was in 18th place in the overall sales table. It was the fourth biggest selling EV in Ireland for 2022, with an 8.4pc EV share behind Volkswagen (26.4pc), Hyundai (12.6pc), and Kia (10.7pc).