Americans may pay $2,000 more for each new car, thanks to Trump
- Posted on June 19, 2025
- By Business News Today
- 2 Views

Americans may pay $2,000 more for each new car, thanks to Trump

Trump's auto tariffs, estimated at $30 billion, are poised to increase car prices by approximately $2,000 per vehicle, potentially decreasing US auto sales by one million over three years. Simultaneously, cuts to EV incentives may hinder electric vehicle adoption, causing the US to lag behind global competitors in clean transportation and potentially remain reliant on traditional fuel-based technologies.