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.