Story perspectives

Global Car Prices Soar Amid Rising Taxes and Tariffs

9/19/2025

45 5

Summary

Story summary

Global vehicle prices have risen significantly due to high taxes, tariffs, and regulatory changes, affecting affordability.
In Vietnam, new car prices average $15,000, nearly doubling with taxes; Indonesia's average is about $21,300.
In Russia, domestic vehicles average 1.5 million rubles ($18,000), while European imports can reach 4 million rubles ($48,000).
India has seen over a 50% increase in new car prices, now averaging above $13,000.
Rising prices stem from profit margins and the removal of smaller vehicle models.

1 of 1

Story summary

Global vehicle prices have risen significantly due to high taxes, tariffs, and regulatory changes, affecting affordability.
In Vietnam, new car prices average $15,000, nearly doubling with taxes; Indonesia's average is about $21,300.
In Russia, domestic vehicles average 1.5 million rubles ($18,000), while European imports can reach 4 million rubles ($48,000).
India has seen over a 50% increase in new car prices, now averaging above $13,000.
Rising prices stem from profit margins and the removal of smaller vehicle models.