EVolution is a news, intelligence and analysis service dedicated to the emerging business of supporting electric and hydrogen-fuelled vehicles.

SMMT: Agreement with Europe is needed to avoid £3,400 electric vehicle tax hike

SMMT Automotive Trade Report shows UK global auto trade on track to reclaim £100 billion trading hub status

SMMT
18 October 2023
Open Roads
Open Roads

 

The Society of Motor Manufacturers and Traders (SMMT) is urging the EU and UK to strike an immediate agreement to avoid damaging Brexit tariffs on electrified vehicles.

The plea, echoed by the EU auto sector, is to delay the implementation of tougher new Rules of Origin (ROO) requirements on batteries which could render EU and UK made electrified vehicles uncompetitive in each others’ markets.

As the clock ticks down to the 1 January 2024 ROO introduction, new calculations lay bare...

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