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EU and UK work to avert a 10% EV tariff cliff edge in 2027

POLITICO reports EVs that fail tighter local-content rules under the Brexit trade deal would face a 10% duty.

POLITICOEuropePO
1 Source, 1h ago, first seen 1h ago

TLDR

POLITICO reports the European Commission and U.K. are trying to avoid a 10% duty on electric vehicles that fail tighter local-content rules from 2027. A U.K. readout shared with POLITICO said EU Trade Commissioner Maroš Šefčovič and U.K. Trade Secretary Jonathan Reynolds made progress in talks. The automotive lobby SMMT estimates the duties would threaten £16.4 billion in cross-Channel EV trade.

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1 Source, first seen 1h ago

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Combined views

2.3K

1 Source, first seen 1h ago

8 likes3 saves1 reposts
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POLITICOEurope@POLITICOEuropeEXCLUSIVE: The European Commission is working with the U.K. to avoid a cliff edge that threatens to raise the cost of cross-channel electric vehicle exports by 10 percent from the start of next year. 🔗 https://vist.ly/5mvyk1h
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    1 Source

    POLITICOEurope@POLITICOEuropeEXCLUSIVE: The European Commission is working with the U.K. to avoid a cliff edge that threatens to raise the cost of cross-channel electric vehicle exports by 10 percent from the start of next year. 🔗 https://vist.ly/5mvyk1h
    Today's Rank

    #6

    Today's Rank

    #6