Trump's tariffs may impact Australia's electric vehicle market but experts see limited effects

Donald Trump’s recent tariffs on imports from China and North America could impact the electric vehicle (EV) market in Australia. The tariffs may stall plans for Chinese brands entering the U.S. market and could raise prices for some EVs, like the Ford Mustang Mach-E. Despite these developments, experts believe U.S. tariffs will have limited effects on Australian car sales. The competition among various brands has driven down prices, and the market is expected to remain influenced more by trends in the UK and Europe than by U.S. policies. The second-hand EV market is struggling as new EV prices drop, making used models less appealing. Rapid advancements in technology and government incentives for new EVs are contributing to this trend, affecting resale values negatively.