acf domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/ecg/ecgassociationdev/wp-includes/functions.php on line 6121Automotive News Europe — 2024-06-13
Automotive Industry
Tesla anticipates a price increase from July 2024.
Tesla expects to increase the price of its Model 3 because of European Union import duties on electric vehicles (EVs) made in China, the automaker said on its website on Thursday, 13 June 2024.
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 2024. 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, 12 June 2024, that it will impose extra duties of up to 38.1% on imported electric cars made in China from July 2024, 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 2024.