Price of electric car could rise by £5,000 in UK without delay to Brexit trade rules

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Price of electric car could rise by £5,000 in UK without delay to Brexit trade rules
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Suggestions that Europe is split on the new 'rules of origin' have provided British ministers with new hope as they try to avoid post Brexit tariffs

that provides the timetable for the introduction of the rules, while noting that technical adaptations may be possible and refusing to rule out a delay.and some member states, which want a delay, may help get a deal over the line.

Their remarks added to pressure on Rishi Sunak and the Government to negotiate a delay with the EU to the “rules of origin” beyond January 2024. It is part of a bid by both the UK and EU to boost their homegrown electric vehicle industires and rely less on Chinese imports.Car makers say they are not ready for the changes and are pushing for more time.

The extra costs imposed by the rules, which are meant to stimulate Europe’s EV battery-making industry, may also prove counterproductive by making Chinese cars more affordable in the UK than those made in Europe, some in Whitehall believe.

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