Tesla and Volkswagen could potentially benefit as tariffs lead to higher electric vehicle (EV) prices. These tariffs, imposed under the Trump administration, have made exporting EVs to the US extremely challenging according to an executive from Xpeng. The situation highlights the complexities in the global EV market, where trade policies significantly impact the industry’s dynamics. While some companies may find ways around these barriers, the battery technology and cybersecurity remain crucial aspects of the EV sector.
— new from The New York Times