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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 8:59 AM

July 10 (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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