Tesla to Raise Model 3 Prices in EU from July 1, 2024 Due to Tariffs

Jun 13, 2024, 10:56 AM

Tesla has announced on its website that it expects to increase the price of its Model 3 vehicles in the European Union starting from July 1, 2024. This price hike is attributed to forthcoming tariffs on electric vehicles (EVs) manufactured in China and sold in the EU. The European Commission is likely to impose additional import duties on these vehicles, prompting Tesla to adjust its pricing strategy accordingly. The announcement was made on Thursday.