Us Electric Vehicle Industry Is Collateral Damage In Trump's Escalating Trade War

President Donald Trump's tariff blitz has sent shock waves throughout every aspect of the global economy, including the auto sector, where multi-billion-dollar plans to electrify in the United States are especially at risk.

Here's what consumers should know about the impact of tariffs on electric vehicles.

Where does EV adoption stand in the U.S.?

EVs accounted for about 8 of new car sales in the U.S. in 2024, according to Motorintelligence.com.

Some of those sales can be attributed to expanded tax credits for EV purchases, a Biden-era policy that spurred car buyer interest.