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Tesla expects to hike price of China-made cars in EU due to tariffs
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Tesla expects to hike price of China-made cars in EU due to tariffs
Jun 13, 2024 3:23 AM

BERLIN, June 13 (Reuters) - Tesla expects to

increase the price of its Model 3 because of import duties to be

levied by the E.U. on cars made in China, the carmaker said on

its website on Thursday, without specifying the size of the

price hike.

The message, displayed on Tesla's website for countries

including Germany, France, Ireland, Belgium, and Hungary, urged

prospective buyers to place their orders in June.

"We're anticipating a requirement for us to increase pricing

for Model 3 vehicles as of 1 July 2024. This is due to

additional import duties likely to be imposed on electric

vehicles manufactured in China and sold in the E.U.," the

message said.

The European Commission on Wednesday said it will impose

extra duties of up to 38.1% on imported electric cars made in

China from July, risking retaliation from Beijing which said it

would take measures to safeguard its interests.

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