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“Car crash!” exclaimed managing director Andrew Varga, whose Brexit progress I have been following since the referendum. News of the latest Brexit U-turn landed on him on Tuesday out of the blue. All his years of preparation for a new UK product safety mark, all his thousands of pounds wasted, all the uncountable hours and effort were rendered pointless, at a stroke.
Rules of origin force an increasing percentage of the value of an EV to be sourced from the UK or EU.
The UK’S membership of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership offers little gain for the British economy.
The unsurprising collapse of Britishvolt, and the total lack of strategy or investment in batteries, will be the final nail in the coffin for the car industry.