By Admin 
Trump tarif impact: Buying a car by the end of 2025 in the US can be more expensive for the common people. In fact, US President Donald Trump’s new tariff policy can cost an extra of up to $ 2,000 (about ₹ 1.7 lakh) on every new car in the US.
According to the ElixParteners report, auto companies will directly charge about 80% of this cost from customers. That is, a common American will have to spend $ 1,760 extra.
What is the real reason for this tariff?
Actually, this tariff scheme is part of Trump’s “Make America Great” policy. Its main objective is to reduce American dependence on foreign cars and auto parts, so that domestic manufacturing can be promoted, but the decision is going to have a direct impact on American customers and auto industry, which will have to pay a higher price due to these tariffs.
Heavy impact on auto sales also
According to the report, due to these tariffs, 1 million less cars can be sold in the US in the next three years. However, it is estimated that by 2030 the annual auto sales will reach 17 million units, but it will not be possible to compensate for the damage by then.
General Motors and Ford will lose billions of dollars
General Motors are estimated to lose about $ 5 billion and Ford $ 2.5 billion due to tariffs. Both companies have planned to put the burden of prices and adjust on customers to reduce this effect, but the impact of this relief will be limited.
Electric vehicles will also get a shock
If the Trump administration eliminates the incentives of $ 7,500 such as EV Tax Credit, it may decline in sales of electric vehicles. With this, customers can return to petrol and diesel vehicles again. Earlier it was expected that by 2030 the EV would be 31% of the total sales, but now it is expected to be reduced to only 17%.
Return of ice (internal combustion engine)
While EV’s share will decrease, the market share of internal combustion engine vehicles is expected to increase from 33% to 50%. Plug-in hybrid and extended range EV’s stake is likely to be reduced from 10% to just 6%.
America can be back in Global Competition
Countries around the world, especially China, are moving rapidly in EV technology, but America can lag behind due to these policies. According to ElixPartons, US companies may have to resort to licensing or joint venture from China for EV platforms and technology. In this way, even though efforts are being made to promote domestic production by increasing tariffs, it may affect the customers’ pockets and the US’s global auto competition can also weaken.
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