The all-Mexican EV would likely compete with Indian imports, which are being used as taxis in parts of southern Mexico, as well as low-cost Chinese imports from automakers like BYD, which is looking to increase sales in Mexico even as top officials pledge to curtail Asian imports, Bloomberg noted.

Mexico–Canada Agreement while claiming America has been "screwed" by trade partners over the past four years on "Sunday Morning Futures."

Auto manufacturers competing to persuade drivers to go electric are rolling out cheaper, more tech-rich models at the Paris Motor Show