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Tesla hikes Model 3 prices in Europe due to tariffs on China-made EVs
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Tesla hikes Model 3 prices in Europe due to tariffs on China-made EVs
Jul 10, 2024 8:49 AM

(Reuters) -Tesla raised the prices of its Model 3 cars in European countries including Germany, the Netherlands and Spain by about 1,500 euros ($1,622) depending on the variant of the model due to the European Commission's tariffs on China-made EVs.

The carmaker had warned in June that it may raise prices from July as a result of the tariffs, which went up to 37.6%depending on the carmaker.

Tesla was due to receive a 20.8% tariff on its vehicles but has made a request for a recalculation of its rate, according to the European Commission.

($1 = 0.9243 euros)

(Reporting by Akash Sriram in Bengaluru and Victoria Waldersee, Christina Amann in Berlin; Editing by Anil D'Silva)

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