While Tesla and its all-electric Model S seem to be getting lots of attention within the auto industry these days, the cars are not easily affordable, starting around $75,000 before rebates and tax credits. That’s about double the $33,500 that Kelley Blue Book says is the average price of a new car in the U.S. But that doesn’t mean Tesla and founder Elon Musk aren’t planning to go head-to-head price-wise with Honda Accords and Toyota Camrys, in fact the company stated earlier this week that they are targeting a March 2016 unveiling for their next vehicle, the Model 3.

We haven’t been given any hints of what the Model 3 will look like, so at this point the most significant thing about the new Tesla vehicle is that the company is planning a price in the $35,000 area, while still remaining all-electric. Just don’t expect to be able to purchase one shortly after that March 2016 debut, as a recent SEC filing revealed manufacturing limits will prevent the Model 3 from making the 2017 model year.
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