Tariffs have been the looming word of the new presidential administration, but the used car market has experienced a strong start to 2025 despite tariff threats.
Read moreUsed Car Market Experiences Strong Start in 2025 Amid New Tariffs
Tariffs
Toyota and Honda Partner Up to Avoid Tariffs
Anxiety over tariffs is putting Toyota and Honda in the same boat. Toyota is building a major battery factory in North Carolina that is expected to have 14 production lines. Four will support batteries for hybrids, and ten will support batteries for EVs. However, Toyota won’t even need all these batteries right away, so who will buy them?