The cost to build a crossover utility vehicle will rise by at least $4k, while the increase would be 3X that for an EV examined in a new study from Anderson Economic Group, an #automotive consultant in East Lansing, #Michigan. And those costs would likely be passed on to #consumers, the study found.

#economy #PersonalFinance #inflation #USpol
#TrumpTariffs #Canada #Mexico #car #prices #consumers #CarPrices

in depth article from the Detroit Free Press→
https://www.freep.com/story/money/cars/2025/03/03/auto-industry-cannot-pivot-quickly-tariffs-trump/80265554007/