The announcement of a 25% tariff by President-elect Trump could destabilize the growing U.S. EV market, particularly impacting popular models like the Honda Prologue and Chevy Equinox EV.
Several automakers, including GM, Tesla, Ford, and Honda, have manufacturing facilities in Mexico and are therefore particularly vulnerable to the proposed tariffs, which could halt their momentum.
While Tesla builds its cars in the U.S., approximately 20-25% of the parts for their vehicles are sourced from Mexico, exposing them to the same tariff risks.
As EV sales surge, the potential implementation of Trump's tariffs introduces uncertainty, threatening record sales growth in the market just when it gains critical traction.
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