Saturday, November 2, 2024

Tesla expects to raise Model 3 prices in Europe after EU tariffs on China EVs

The new Tesla Model 3+ goes on sale at the Tesla Store in Hangzhou, Zhejiang Province, China on September 26, 2023.

CastPhoto | NoorPhoto | Good pictures

Tesla said on Thursday it is likely to raise the price of its Model 3 vehicle in Europe from July 1 after the European Union said it may impose temporary higher tariffs on electric cars imported from China.

“We expect demand to increase prices for Model 3 vehicles beginning July 1, 2024,” according to an announcement on Tesla’s website. “This is due to additional import duties on electric vehicles made in China and sold in the EU.”

Latest news
Related news