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The
In the news:
- "We will likely be forced to increase prices for Model 3 vehicles starting
July 1 ," the US company announced in a press release. "This is due to additional import duties that will likely be imposed on electric vehicles manufactured inChina and sold in the EU." Currently,Tesla is not sharing details on how steeply prices may rise. -
The
European Commission wants to take such action because Chinese producers have a competitive advantage over Western companies thanks to pervasive government support. The additional import duties are not yet 100 percent certain.Brussels first wants to hold talks withBeijing to find a solution to the trade dispute.
An individual tariff for
Details: The planned additional import duty, which could reach 38.1 percent, comes on top of the existing 10 percent tax.
- While some (Chinese) producers of electric cars have already had specific duties imposed, for
Tesla it remains unclear how high the import tariffs will be on the cars it makes inChina and imports to the EU. -
The
European Commission said in advance thatTesla may receive "an individually calculated tariff at this stage."
Noted: Meanwhile, some companies that produce electric cars in
- Volvo announced earlier this week that it will move production of electric cars from
China toBelgium in order to avoid paying (additional) import duties.
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