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Audi revealed its cheapest electric model, the Q4 E-Tron electric SUV, with a starting price of $45,000, expected to go on sale by the end of this year.
With federal electric vehicle tax credits, the price should go down to $37,500, making it slightly less than a Tesla Model 3 sedan and much cheaper than a Tesla Model Y SUV.
Audi isn't revealing the prices for its new SUV's more expensive versions.
The entry-level Q4 E-Tron will have a rear-wheel-drive, be able to go about 250 miles on a charge, and provide a maximum output of 201 horsepower.
More expensive all-wheel-drive versions will have electric motors in the front and back and be able to produce up to 295 horsepower.
The Q4 E-Tron will be available in a regular crossover SUV and the Sportback version.
The Q4 E-Tron is slightly larger than the Audi Q3, the smallest SUV that Audi offers in the US.
The Q4 E-Tron shares much of its engineering with the Volkswagen ID.4 electric SUV.
