There’s only one thing certain in the American auto market right now — car makers and buyers are in store for a lot more uncertainty.
Over the last week alone, President Donald Trump has revoked California’s nation-leading electric vehicle sales mandate and said he’s seriously considering raising tariffs — already at 25 percent — on imported cars and auto parts. Meanwhile, Republicans are pushing a budget bill that would end a $7,500 federal tax credit for EV buyers, and the Supreme Court reached a decision Friday that will make it easier for oil companies to sue over vehicle emissions standards in the future.
And the looming threat of cheap, Chinese competition is growing, as the world’s EV powerhouse expands its reach in Europe.
“It’s getting especially ugly as an automaker, because you’re trying to juggle everything,” said Ivan Drury, director of insights at Edmunds, which analyzes auto markets.
