A House Republican bill introduced this week would do away with tax credits that had encouraged Americans to buy electric vehicles and automakers to invest in new factories.
A House Republican bill introduced this week would do away with tax credits that had encouraged Americans to buy electric vehicles and automakers to invest in new factories.
Tariffs on imported parts will have a broad impact because all vehicles use components made abroad.
General Motors also said its profit in the first three months of the year fell 7 percent from a year earlier.
Overall sales of electric vehicles rose almost 11 percent in the first three months of the year as traditional carmakers offered new models.
A few carmakers have closed factories, laid off workers or shifted production in response to the auto tariffs that took effect last week.
El presidente Trump dice que los aranceles fomentarán la inversión en fábricas estadounidenses, pero según analistas los compradores de automóviles pagarán miles de dólares más.
President Trump says the tariffs will encourage investment in U.S. factories, but analysts say car buyers will have to pay thousands more.
Sales of cars picked up recently partly as buyers rushed to lock in deals before President Trump’s 25 percent tariffs on cars and auto parts go into effect.
Carmakers are likely to face higher costs regardless of how they respond to President Trump’s 25 percent tariffs on cars and auto parts.