Britons face an extra charge of an average £3,400 per electric vehicle if the European Union fails to postpone a 10% tariff due to start January 1., which represents U.K. automakers and suppliers, said EU buyers of British-made battery electric vehicles would face an average increase of £3,600.
Both sides are close to agreement on a 3-year delay, but EU members like France aren’t happy, even though failure to change the rules would hurt Renault of France, and Stellantis, through its huge Citroen and Peugeot subsidiaries. France is said to be unhappy that agreeing a delay would allow Britain to gain unfairly by thinking it could withdraw from the Single Market without paying a price.
Biden Backs Israel’s Claim It Did Not Strike Gaza Hospital—After Palestinian Officials Blamed Israeli Airstrike For Killing HundredsThe SMMT said if the rules are not delayed until 2027 both the EU and U.K. competitiveness, transition to BEVs and net zero ambitions will be jeopardized. “Conventional petrol and diesel vehicles would escape tariffs, meanwhile, which would have the perverse effect of incentivizing the purchase of fossil fuel-powered vehicles,” the SMMT said.
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