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Electric Car Rules Could Cost Carmakers Billions

25 Sep 2023 | Abstracted from BBC

"New Brexit trade rules covering electric vehicles could cost European manufacturers £3.75bn over the next three years

"The main problem lies in so-called "rules of origin"...They apply to shipments of cars across the Channel under the terms of the Brexit deal.. ensure that electric vehicles will need to have batteries produced in either the UK or the EU....Cars that do not meet the criteria will face 10% tariffs."



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