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All of that is now subject to new import tariffs, which drive up the cost of even domestically produced vehicles. Not even highly vertically integrated Tesla is immune.
General Motors blamed Trump’s tariffs for costing it $1.1 billion in Q2 and as much as $5 billion by the end of the year. And while the new anti-EV adoption policies are yet to fully bite, it’s clear they’ve motivated some action inside the GM boardroom. Although GM CEO Mary Barra wrote to investors that the company believes “the long-term future is profitable electric vehicle production,” she followed by explaining that GM’s flexible factories will help it succeed in a world where EPA fuel economy targets are no longer a thing. That’s probably why GM added 300,000 more units of capacity for “high margin light-duty pickups, full-size SUVs and crossovers.”
Ford said that the tariffs could cost it as much as $2 billion this year, despite it making more actual vehicles in the US than any other automaker. That’s because it has to pay the US government to import raw materials like steel and aluminum, as well as components and subassemblies.
Foreign automakers are also feeling the effects, given the importance—until now, at least—of the US car buyer. Stellantis, which owns the Jeep and Ram brands, said it had already lost $2.7 billion this year due to tariffs, although the automaker stands to benefit in the coming years from the gutting of fleet fuel efficiency fines.
Aston Martin may…
Source Domain:arstechnica.com
Redirect url:https://arstechnica.com/cars/2025/08/trumps-trade-and-environment-policies-are-a-disaster-for-car-makers/
decoded:https://arstechnica.com/cars/2025/08/trumps-trade-and-environment-policies-are-a-disaster-for-car-makers/
author:Jonathan M. Gitlin
title_words_as_hashtags:#Trumps #trade #environment #policies #disaster #carmakers
title_words_as_slug:trumps-trade-and-environment-policies-are-a-disaster-for-carmakers
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