"Car Industry Urges EU to Delay Post-Brexit EV Tariffs, Citing Potential Billions in Costs"

Automobile manufacturers are urging the EU to postpone a 10% tariff on electric vehicle (EV) exports to the UK, which is set to take effect on January 1. The tariff was included in the EU-UK Trade and Cooperation Agreement, with the expectation that the European car industry would make significant progress in EV manufacturing within three years. However, carmakers are still heavily reliant on components from China and other countries, particularly in battery production. The tariff could cost EU manufacturers €4.3 billion over the next three years and potentially reduce vehicle production by 480,000 units. Industry leaders are calling for an extension of the current phase-in period for battery rules to support the net-zero transition and avoid handing market share to global manufacturers.