Lucid’s CEO Warns of Price Hikes Even for American-Made Cars

The head of Lucid Group Inc. warned that President Donald Trump’s tariffs will drive up costs to build automobiles — even in the US.

The industry’s global supply chain means domestic manufacturers still have to import raw materials and some parts from other countries, interim Chief Executive Officer Marc Winterhoff said in an interview with Bloomberg Television on Monday.

“For the American consumers, vehicles are going to be more expensive under the tariff regime. There’s no other way around it,” Winterhoff said. “There’s a reason the supply chain is so global.”

The Newark, California-based manufacturer of electric vehicles is looking ...