Auto-industry tariffs coming in April, may bring immediate price hikesMexico makes many U.S.-bound EVs, buys few of themEV tax credit still potentially applies to models made in Mexico and CanadaThe threat of auto tariffs affecting models made in Mexico and Canada has not abated. Mexico builds many U.S.-bound EVs but buys few of them—and EVs are a very small portion of the nearly 1.1 million new cars sold in Mexico. According to a Reuters report from December, citing estimates from Wells Fargo, a 25% tariff on parts from Canada and Mexico would make vehicles more expensive, EV or not. Specifically, it might add $2,100 in cost to consumers for U.S.-assembled vehicles alone, while models made in Canada or Mexico could end up costing $8,000 to $10,000 more. GM is relying on imports from Canada and Mexico for both profitable full-size trucks and various EVs.