Automakers are bracing for President-elect Donald Trump to impose new tariffs on vehicles from Mexico and potentially from other countries and to reverse many existing pro-electric vehicle policies, industry associations and executives said.
Trump has said he plans to begin rescinding Environmental Protection Agency and Transportation Department vehicle rules on his first day in office and is considering paring back or eliminating EV tax breaks and other incentives.
Those regulatory changes could give automakers more flexibility to build more profitable gas-powered SUVs and trucks but raise questions about the future of billions of dollars in EV battery and manufacturing spending.
