Smothering electric vehicles might have been a regrettable mistake for a Republican to make 10 years ago. Today, it is economic idiocy.
But automakers can’t absorb the cost forever and will soon begin to raise new car prices, analysts say.
The company estimated that duties on imported cars and car parts would cost it $2 billion this year.
Ford Motor said it would open a new plant in Michigan that could become ineligible for federal incentives under a policy bill championed by President Trump and passed by the House.
Hyundai already makes cars in the United States, in Georgia and Alabama.
President Trump seems poised to roll back the very incentives that are reviving American manufacturing.
The president has proposed new barriers to electric vehicles, steel and other goods.
The president has proposed new barriers to Chinese electric vehicles, steel and other goods that could undermine his manufacturing agenda.
Two years behind schedule, the electric model has an unusual design that sets it apart from rival pickups, which could limit its sales.
Despite the rapid growth of electric vehicles and solar power, other efforts to tackle warming are lagging, according to the International Energy Agency.