EU and UK work to avert 10% tariffs on EVs that miss local-content rules

POLITICO reports the European Commission is working with the UK to avoid a 10% tariff on cross-Channel electric vehicles that fail tighter local-content requirements from January 2027. A UK readout shared with POLITICO says the two sides made progress in talks. Britain’s automotive lobby, the SMMT, estimates the duties would threaten £16.4 billion in EV trade.