Automakers will have to raise vehicle prices by thousands of dollars

The latest study revealed by specialists reveals that policy would deliver the sharpest blow to Jaguar Land Rover while giving a leg up to Ford Motor Co. and Tesla Inc. It seems like most automakers would need to raise vehicle prices by thousands of dollars, which is more than $17,000 per vehicle in Jaguar Land Rover’s case, because it imports all its vehicles.

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Ford, with significant domestic manufacturing, would need to mull the smallest price hike among major automakers, at about $282 per vehicle, followed by General Motors at $995, according to the report. The estimates aim to show the relative impact of the tax plan on each automaker. Carmakers are unlikely to raise prices by more than a few thousand dollars per car and would also likely have to foot some of the higher tax burden.

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