Tesla may have axed plans for a smaller entry-level electric vehicle (EV), but it has now unveiled a budget-oriented variant for its two most popular models. The bad news is they’re only for the US and won’t be available in Australia – at least for now.

Both the Model 3 mid-size sedan and Model Y mid-size SUV – Australia’s most popular EV – are now available in North America in a new ‘Standard’ trim, which strips back several features otherwise standard in the two battery-electric cars, for a lower price.

Following the end of the US$7500 EV tax credit last month, the Standard variants are the new starting points for each model line in the US, prompting the former Long Range variant to be rebranded as the Premium, which is now available in rear- and all-wheel drive forms.

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