Brexit’s Impact on EV Tariffs and UK Price Hikes

Brexit’s Impact on EV Tariffs and UK Price Hikes

Car makers in Europe have warned the European Commission about potential post-Brexit electric vehicle (EV) tariffs that could increase the prices of EVs exported and imported between the UK and EU. If the tariffs are implemented, a 10% tariff could be placed on EV exports to the UK, costing car manufacturers 4.3 billion Euros over three years and reducing EV production on mainland Europe by nearly half a million vehicles.