Tesla is planning to raise the price of its Model 3 due to upcoming European Union import duties on cars made in China. This change is expected to take effect from July 1, 2024, as stated on Tesla's websites for various European countries, including Germany, France, Ireland, Belgium, and Hungary. The company has advised prospective buyers to place their orders before the end of June to avoid the price increase.

The European Commission announced on Wednesday that it will impose additional duties of up to 38.1% on electric vehicles (EVs) imported from China starting in July. This move is likely to trigger a response from Beijing, which has indicated it will take measures to protect its interests.

Tesla's statement underscores the potential impact of these tariffs on the pricing of their vehicles. The specific amount of the price hike for the Model 3 has not been disclosed. The anticipated duties are part of broader tensions and regulatory actions affecting international trade and the automotive industry, particularly in the context of the growing EV market.