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Manufacturers warn of ‘devastating price war’ on consumers if tariffs are enforced in 2024.
David Bailey examines the potential impact of new ‘rules of origin’ requirements for Battery Electric Vehicles (BEV) under the Brexit trade deal, arguing that tariffs on UK-EU BEV trade would be self-defeating when both the UK and the EU are trying to encourage a switch to electric vehicles in order to reach net zero.
EVs being exported from the EU to the UK will still have tariffs on them from next year as a result of Brexit, despite a plea to defer the trade rule.
Britain and the EU are holding negotiations over the issue but Brussels is expected to maintain a hardline until the autumn.
Ministers were warned of the dangers of the EU trade deadline two years ago. Now, up to 200,000 jobs and £11bn worth of UK car exports could be in jeopardy.
Where are all those Brexit benefits?
20/05/2023
Project Fear has become Project Reality—just look at Britain’s car industry.
British car factories will be forced to close with the loss of thousands of jobs if the UK government does not renegotiate its Brexit deal immediately, automaker Stellantis has warned.
UK car industry is facing ‘existential crisis’ as argument over EV Brexit deal rumbles on
19/05/2023
Expert warns of ‘existential crisis for UK car industry. / Government insists EV problems ‘can be resolved within’ Brexit deal. / From next year, 45 per cent of an EV’s value should originate in the UK or EU to qualify for tariff-free trade.
Jeremy Hunt has offered one of Britain’s biggest car manufacturers half a billion pounds in government subsidies not to go abroad to build a new electric battery “giga-factory”.
The UK is lobbying the EU over a Brexit trade deal deadline that carmakers have warned pose a threat to UK industry.
Stellantis, which also owns Citroen, Peugeot and Fiat and employs more than 5,000 people in the UK, says its UK investments were in the balance due to terms of Brexit trade deal.
Ministers insisting Brexit has been good for the economy need to fix the "industrial car crash" caused by leaving the EU, Andrew Marr has said.
Carmaking giant urges UK government to renegotiate rules to avoid expensive tariffs.
Rishi Sunak’s government is lobbying the EU to delay a change in manufacturing rules in the Brexit trade deal after the owner of Vauxhall warned it could shut its UK factories.
The UK is accused of being ‘asleep at the wheel’ when it comes to industrial policy around new electric car and battery tech.
Stellantis warned post-Brexit trading arrangements risk its operations in the country. / “If the cost of EV manufacturing in the U.K. becomes uncompetitive and unsustainable, operations will close,” it said. / Rules of Origin requirements on batteries and EVs are due to be scaled up in coming years, with automakers facing 10% export tariffs.
Car-maker Stellantis warns Vauxhall's Ellesmere Port plant at risk unless Brexit deal changed
17/05/2023
One of the world's largest carmakers has said it will be unable to keep their commitment to make electric vehicles in the UK without changes to the Brexit deal.
British car factories could be forced to close if the UK does not renegotiate the current Brexit deal, according to one of the largest automakers in the country.
The future of electric vehicle production in the UK is under threat unless the Government reworks the Brexit deal, Vauxhall parent Stellantis has warned.
Experts have warned that there is an "existential threat to the UK car industry" as manufacturers consider pulling out of the country.
Vauxhall carmaker Stellantis warns of ‘significant job losses’ if Brexit deal is not amended
17/05/2023
Stellantis has committed to making electric vehicles in the UK but it is no longer able to meet Brexit trade rules on where parts are sourced.
One of the world's largest carmakers has said it will be unable to keep their commitment to make electric vehicles in the UK without changes to the Brexit deal.
UK manufacturers could be hit with 10% tariffs from next year unless they can source electric vehicle parts and batteries locally.
Stellantis has warned it won’t be able to keep its commitment to building electric vehicles in the UK without changes to the Brexit deal.
The UK is struggling to build a battery industry—and its new isolation isn't helping.