Porsche dropped its first-ever battery-electric vehicle a few weeks ago by debuting the Taycan Turbo and Turbo S models, which in the grand scheme of the Taycan’s lineup, will be the premium models. While the Taycan was very well-received, the Turbo’s $150,000+ price tag raised a few eyebrows, but now enter the Taycan 4S.

Porsche has formally revealed the Taycan 4S, which will serve as the entry-level model within the hierarchy. From a design perspective, the Tayan 4S features a slightly different front fascia and smaller wheel and tire combinations than the Turbo and Turbo S models. Aside from those minor differences, the Taycan is essentially identical to the Turbo models, until you look underneath the car.

Taycan 4S models are good for 429 horsepower in normal conditions, with up to 522 horsepower in launch mode. This is a significant decline from the Turbo S and its 616 horsepower and up to 751 horsepower in launch mode.

The variance in power stems from the fact the Taycan 4S comes standard with a 79.2 kWh battery pack, though buyers can upgrade to a 93.4-kWh pack for about $10,000 more. That model also features a maximum range of 287 miles on the WLTP cycle, while both versions zero to 100 km performance is 4.0 seconds.

So how much cheaper is the Taycan 4S? Well, Porsche says it will start at $105,150; a near $50,000 price cut from the Taycan Turbo. The price points puts the Taycan 4S more in line with the higher-end trim levels of the Tesla Model S, but the Model S continues to best the Taycan in terms of driving range.

The Taycan will be eligible for a $7,500 federal tax credit with purchase. Interested buyers will be able to gobble one up in spring 2020.