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Trump's tariffs on Chinese parts for Cybercab, Semi disrupt Tesla's US production plans: Reports

  • Electric vehicle manufacturing projects are being canceled under Trump's administration, totaling about $8 billion in 2025, exceeding last year's $1.6 billion, according to data from Atlas Public Policy.
  • Companies are shifting manufacturing to other countries due to uncertainty caused by Trump's tariffs and regulatory changes, impacting manufacturers like Ford and GM.
  • A Gallup poll indicates American interest in electric vehicles has dropped eight points since 2023, leading companies to consider hybrids instead.
  • Trump's policies are causing European manufacturers to struggle, with 11 out of 16 planned battery factories delayed or canceled.
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Market Screener broke the news in on Wednesday, April 16, 2025.
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