The Tesla Model 3 is the first mass-market electric car from Tesla but it’s not the only electric car on the market that costs under $40,000. The Chevrolet Bolt is a bona fide mass-market all-electric competitor. The new Nissan Leaf will be one too. According to a new report, it may actually be $5,000 cheaper than the Tesla Model 3 which starts at $35,000.

According to Autoblog, the 2018 Nissan Leaf is going to start at $29,990 for the base model. The entry-level model will have a 40kWh battery, though, which means that it will only provide a range of around 160 miles.

So the entry-level Leaf will be $5,000 cheaper than the Tesla Model 3 and will offer less range. The $35,000 entry-level Tesla Model 3 promises a range of 220 miles on a single charge.

It’s going to lag behind in performance numbers as well it seems. It’s reported that the Nissan Leaf will deliver 147 horsepower and 236 pound-feet of torque. Tesla hasn’t confirmed the numbers for the Model 3 as yet but previous reports suggest that it will tout 258 horsepower.

Nissan is reportedly going to offer expensive trim levels for the 2018 Leaf which include the $32,490 Leaf SV and the $36,200 Leaf SL. The SL may also feature Nissan’s ProPilot semi-autonomous driving technology.

None of this has been officially confirmed by Nissan as yet so take it with a grain of salt.

Filed in Transportation. Read more about electric cars, nissan, nissan leaf and tesla model 3.

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