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Why the growth of EVs may be hit by US tariffs
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The tariffs could lead to steep increases in the cost of batteries and other components.
PHOTO: AFP
Jack Ewing
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US President Donald Trump’s tariffs on imported cars and auto parts could stall the growth of the electric vehicle (EV) market, setting back a technology critical to addressing climate change.
But the tariffs could also work in favour of some electric models made in the United States, like the Tesla Model Y or Volkswagen ID.4, that are among the cars with the fewest imported parts and, thus, the least vulnerable to tariffs.
