---
title: "Tesla will raise prices following EU crackdown on Chinese Electric Cars"
publisher: "Stockmark.IT"
author: "Stockmark.IT Website"
published: "2024-06-14T06:31:30+00:00"
modified: "2024-06-14T06:31:30+00:00"
date: 2024-06-14
canonical: "https://stockmark.it/tesla-will-raise-prices-following-eu-crackdown-on-chinese-electric-cars/"
category: "Cars"
categories: ["Cars", "Electric Vehicles", "EU"]
image: "https://i0.wp.com/stockmark.it/wp-content/uploads/stencil.default-2024-06-14T072913.496.jpg?fit=1200%2C800&quality=89&ssl=1"
format: "news"
language: "en-GB"
---

# Tesla will raise prices following EU crackdown on Chinese Electric Cars

**Published:** June 14, 2024
**Author:** Stockmark.IT Website
**Categories:** Cars, Electric Vehicles, EU
**Featured image:** ![White Tesla Model 3 driving on highway at sunset. from Stockmark.it](https://i0.wp.com/stockmark.it/wp-content/uploads/stencil.default-2024-06-14T072913.496.jpg?fit=1200%2C800&quality=89&ssl=1)

---

Tesla warned that it would be forced to increase prices in European Union nations after Brussels announced new trade tariffs for electric cars imported by China.

The US company warned customers in Germany and France to order soon, or else they would face increased costs.

The warning referred to the decision made by the European Commission Wednesday to impose additional duties between 17pc to 38pc on imported Chinese electric vehicles (EVs).

The commission proposed an additional duty of 21pc, which would bring the total tariffs up to 31pc if the existing duty of 10pc is added.

The EU would have to negotiate a deal with China before the 5th of July.

After an eight-month investigation, the commission found that China heavily subventioned its domestic industry.

The taxes will also affect western car manufacturers who make cars in China but export them to Europe, such as Tesla and BMW.

Tesla currently makes all the Model 3 sedans that it sells throughout Europe in its factory in Shanghai. This includes the 100,000 Model 3 sedans sold in the past year.

This week, the notice posted on the company website said: “We anticipate a need to increase prices for Model 3 cars as of July 1, 2024.”

This is because additional import duties are likely to be imposed by the EU on electric vehicles made in China.

Despite the commission’s announcement, EU officials held out the possibility that Tesla would get a separately-calculated rate which could end up being lower.

Bank of America analysts stated on Thursday that under the current proposal, the American firm will “be the most affected”.

BMW and Volvo – owned by the Chinese auto giant Geely – were also “most vulnerable”.

Tesla’s recent price increases are unlikely to impact the UK.

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**Original URL:** https://stockmark.it/tesla-will-raise-prices-following-eu-crackdown-on-chinese-electric-cars/
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