Tesla Increases Model 3 Prices in EU After Tariff Imposition

TapTechNews July 11th news, Tesla Motors said on Wednesday local time that after the European Union imposed tariffs on Chinese-made electric vehicles, the company has increased the price of its Model 3 cars in EU countries such as France, Germany, Italy, Greece, Poland, Spain, and Sweden by about 1500 euros (TapTechNews note: currently about 17,700 US dollars).

At present, the prices of various configurations of Model 3 produced by Tesla's Shanghai Gigafactory in the EU territory are as follows:

RWD standard version - from 40,990 euros to 42,490 euros (currently about 47,000 US dollars)

Long-range version - from 49,990 euros to 51,490 euros (currently about 57,000 US dollars)

High-performance version - from 56,990 euros to 58,490 euros (currently about 65,000 US dollars)

For reference, the Tesla Model 3 sold in China ranges from 34,000 US dollars to 50,000 US dollars.

It is worth noting that the Tesla Model Y is currently produced in the Berlin Gigafactory in Germany, so it is not affected; while in contrast to the price increase in Europe, the price of Tesla in Israel has decreased by 10%.

At present, the tariff of Tesla Motors is 20.8%, but the carmaker requests to reset the tariff rate; and for some other Chinese automakers, the tariff may reach up to 37.6%. Of course, this tariff rate is temporary for now, and the European Commission will make a final decision by November.

Related readings:

Up to 37.6% tariff imposed, China Automobile Association: Strong dissatisfaction with the temporary anti-subsidy tariff disclosed by the European Commission

Effective tomorrow, the European Union will impose a four-month temporary tariff on Chinese electric vehicles as originally planned

Affected by the EU tariff, Tesla's China-produced Model 3 models are expected to increase in price in July