Ford hikes Mustang Mach-E price due to Trump’s tariffs

Ford is increasing prices of the Mustang Mach-E SUV and Maverick pickup by up to $2,000 due to import tariffs imposed on vehicles manufactured in Mexico.
These tariffs, announced under President Donald Trump’s administration, are expected to cost Ford $2.5 billion in 2025, with General Motors facing up to $5 billion in added expenses.
The price hikes affect vehicles built after May 2, 2025, complicating the competitiveness of traditional automakers in the EV market.
Additionally, potential cuts to the $7,500 federal EV tax credit could further challenge EV sales and profitability for companies like Ford.