The UK’s Society of Motor Manufacturers and Traders (SMMT) has warned that a no deal Brexit could push up the cost of buying an imported battery electric vehicle (BEV) in the UK by £2,800 ($3,600). Two thirds of all BEVs on sale in the UK are imported from Europe and between January and September this year 40.8% of all the new BEVs registered on UK roads came from the EU, more than from any other territory.
Resorting to World Trade Organisation (WTO) tariffs of 10% would also add £2,000 ($2600) to the average cost of a UK-built electric car sold in Europe, damaging the UK’s competitiveness as a producer of electric vehicles. The EU accounts for more than half of all vehicle exports from the UK (54.8%).
To continue reading this article and others like it, please SIGN-IN or REGISTER FREE today.
By creating your account you will be able to stay up-to-date with the latest industry developments, trends and analysis, read in-depth reports and intelligence, and connect with your peers.
Creating an account gives you:
Gain access to our exclusive content and features register free today
Non-registered users are able to access one AL exclusive articles per week. You have now used your allocation.
To continue reading this article and others like it, please SIGN-IN or REGISTER FREE today
Members of the United Auto Workers union (UAW) have ratified the tentative deals with GM, Ford and Stellantis following weeks of strikes against the Detroit Big Three, but an expert warned the damage may already be done for some suppliers.
The Coventry site’s exclusive UK Gigafactory status makes it the key player in the country’s electrification drive. International investment to catalyse the process
Keep up to date with the latest news and comment on the UAW strikes against Ford, GM and Stellantis in the US.
![Global[1]](https://d3n5uof8vony13.cloudfront.net/Pictures/web/a/d/s/global1_726550.svgz)
