Move follows plea from Ford, Vauxhall owner and JLR to avoid 10% price rise on electric cars
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Germany’s powerful automotive industry has joined calls for an extension of a Brexit trade deadline for three years to avoid a 10% price rise on electric vehicles that cross the Channel to the UK.
The Brexit trade deal struck between the UK and EU at the end of 2020 contained “rules of origin” intended to spur the creation of domestic electric car battery industries to ensure the region does not remain dependent on Asian battery imports. However, new factories have not sprung up quickly enough, meaning some carmakers may face the prospect of tariffs on exports in January.
