The UK car industry is preparing to push for a two-year delay to Brexit tariffs on electric cars traded with the EU. Tariffs are due to kick in on 1 January unless an agreement is reached to delay implementation. The rules of origin on batteries were initially due to come into force on 1 January 2024, but have been delayed twice already.
UK car industry seeks two-year delay on Brexit EV tariffs
UKPulse Local DeskThe UK car industry is preparing to push for a two-year delay to Brexit tariffs on electric cars traded with the EU, after an initial European proposal suggested a shorter delay.
- Tariffs are due to kick in on 1 January for the majority of electric cars traded between the EU and UK unless an agreement is reached to delay implementation.
- The rules of origin on batteries were initially due to come into force on 1 January 2024, but have been delayed twice already.
Why this matters: The tariffs could add costs of €1.47bn (£1.23bn) next year alone for the EU's automotive industry.
What this means for you: If you're planning to buy an electric car from the EU, be aware that tariffs may increase costs. Check with your supplier for the latest information.