The new Model 3 Standard is priced at 37,970 euros ($44,300) in Germany, 330,056 Norwegian kroner ($32,698) in Norway, and 449,990 Swedish kronor ($47,820) in Sweden, according to Tesla’s website.

Tesla introduced a more affordable version of its Model 3 in Europe on Friday, months after its debut in the United States, according to the company’s website.

The new Model 3 Standard is designed to boost demand, Tesla said.

This launch follows the October release of a lower-priced Model Y crossover in Europe and comes as the electric carmaker works to maintain market share amid growing competition from European and Chinese rivals offering cheaper EVs.

Tesla first launched the Model 3 Standard in the United States in October, but it has only now become available in Europe.

The Model 3 Standard currently sells for $36,990 in the United States. Using current exchange rates, this is equivalent to approximately 31,700 euros, 373,500 Norwegian kroner, or 347,900 Swedish kronor.