Ford Hikes EV Prices Over New Tariffs

Ford announced higher retail prices for vehicles built in Mexico—like the Mustang Mach-E—responding to the Trump administration’s new 10% import tariffs. The hikes cover a portion of the extra costs, but Ford will absorb the rest. Models already shipped to dealerships won’t see a retroactive markup, mitigating immediate sticker shock. Still, prospective EV buyers face price increases of a few thousand dollars, raising concerns about the affordability of Ford’s popular entry-level trucks and SUVs. Analysts warn that if tariffs persist, the company may shift production or reduce volumes.