Those living in Europe may have already missed their chance to buy a new Tesla on a budget
11 hours ago
- Tesla has increased prices in Spain, France, Italy, Greece, Poland, and other markets.
- The cheapest RWD Model 3 starts at €42,490 (~$46,300), while the Model 3 Performance tops out at €58,490 (~$63,800).
- Mini is attempting to reduce its EU tariff from 37.6% to 20.8%.
If you live in Europe and we’re hoping to buy a new Tesla Model 3, well, we have bad news for you. The American EV manufacturer has just increased prices of its most popular electric sedan in several European markets, not long after the EU imposed new tariffs on EVs manufactured in China.
Tesla Model 3s sold in Europe are manufactured at the brand’s factory in Shanghai, China, and in markets including Germany, the Netherlands, and Spain, prices will be increased by roughly €1,500 (~$1,600). Prices will also be jacked up in France, Italy, Greece, Poland, and Sweden.
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With the price increase, the RWD Model 3 now starts at €42,490 (~$46,300), the Model 3 Long Range at €51,490 (~$56,200), and the Model 3 Performance at €58,490 (~$63,800), according to Reuters.
Tesla had warned price hikes were possible due to the tariffs imposed on July 4. As one of the car manufacturers that cooperated with the European Union’s investigation, Tesla’s Chinese-made models have been hit with an additional 20.8% tariff. While that’s a lot, it’s not as bad as some brands that will be slapped with an extra 37.6% tariff.
A price hike of €1,500 (~$1,600) isn’t hugely significant, and we would be surprised if it had a big impact on the number of Model 3s sold in Europe. Tesla has requested a recalculation of its 20.8% rate, but no agreement has been reached at this stage.
In May, it was revealed that a flurry of price cuts across the Tesla range had hit fleet buyers in the hip pocket due to the huge depreciation levels they are experiencing. To win back some disgruntled European fleet buyers, the EV maker had been offering €2,000 ($2,200) discounts on the Model 3 and Model Y.
Tesla isn’t the only carmaker attempting to negotiate its new EU tariff rate. All-electric Mini models currently built in China and exported to Europe have been hit with the highest 37.6% additional tariff but are pushing to have this reduced to 20.8%. Both the electric Cooper and Aceman are built in China alongside Great Wall.
Speaking with Auto News, an unnamed source with knowledge of the matter claimed the tariff rate on applicable Mini models likely will be dropped.
