EU hatches backup plan to lessen impact of 10% Brexit tariff on EVs
by Lisa O'Carroll in Brussels from on (#6GRJQ)
Exclusive: Cushion' for carmakers facing looming tariff under deal for vehicles traded between EU and UK from start of 2024
The European Commission has hatched confidential Plan B proposals to cushion" the impact of a looming 10% tariff on imports and exports of electric vehicles, the Guardian has learned.
The proposal was presented to member states on Monday in response to pressure from carmakers to amend some of the conditions imposed when the UK left the EU in January 2021.
Continue reading...