UK car industry to press EU for two-year delay to Brexit EV tariffs

The UK car industry is advocating for a two-year postponement of Brexit tariffs on electric vehicles traded with the EU, following a European proposal for a shorter delay. Tariffs are set to begin on January 1 unless an agreement is reached regarding the 'rules of origin' for batteries. Initially scheduled for 2024, these rules require local battery production to avoid a 10% tariff, but many projects have stalled, leading to reliance on imports. The industry is united in seeking a delay, with discussions ongoing about technical adjustments and the inclusion of the UK in EU subsidies. The European Automobile Manufacturers Association warns that tariffs could significantly impact costs for electric vehicle exports to the UK.