BERLIN, June 13 (Reuters) - Tesla expects to
increase the price of its Model 3 because of European Union
import duties on electric vehicles (EVs) made in China, the
carmaker said on its website on Thursday.
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. The message
did not specify the size of the expected price increase.
"We're anticipating a requirement for us to increase pricing
for Model 3 vehicles as of 1 July 2024," it said. "This is due
to additional import duties likely to be imposed on electric
vehicles manufactured in China and sold in the EU."
The European Commission said on Wednesday that it will
impose extra duties of up to 38.1% on imported electric cars
made in China from July, prompting Beijing to warn that it would
take measures to safeguard Chinese interests.
Tesla, which exports Model 3 cars from Shanghai to Europe,
was one of several companies that the European Commission said
had cooperated with its investigation and would therefore be
subject to a lower tariff of 21%.
The Commission added that Tesla could receive an
individually calculated rate of duty on its China-made EVs when
definitive duties are imposed in November.