Radar Armenia presents the main events and trends in the automotive industry in 2025.
High US tariffs on Chinese electric vehicles and components
Tariffs of 100-125% have sharply increased prices, disrupted the supply chain, and significantly slowed sales growth in the American market.
Job cuts and plant closures
General Motors, Stellantis, and several other companies have cut thousands of jobs in the US and North America due to tariff policies.
Supply chain disruptions
Shortages of chips and rare earth minerals, along with geopolitical tensions, have increased production costs and slowed production.
Decline in global sales and production
Trade restrictions and tariffs have reduced global market demand, resulting in a decline of about 800,000 units in sales volume.
Massive recalls
Millions of vehicles have been recalled over the past year due to safety issues and electrical system defects (particularly in Tesla, Ford, and Toyota models).
Reduction in government subsidies for electric vehicles
Decreasing government support in the US and Europe has slowed demand for electric vehicles, favoring the growth of hybrid models.
