The European Union is closing in on a plan to push back painful tariffs on electric cars traded with the U.K.
With just over a month until the duties begin, member states told the EU to come up with proposals including a possible postponement of the 10 percent tariff, after France, the only major member state opposed to an outright delay, signaled there could be a way forward.
The bloc’s executive vice president Maros Sefcovic and EU ministers discussed the issue last week, according to people familiar with the matter, with France saying it was open to finding a way to soften the impact, including a short transition period.
European automakers including Volkswagen Group and Renault have said the tariffs as of Jan. 1 could cost the sector 4.3 billion euros ($4.5 billion) over the next three years.
Any solution to the issue will be hard-won, including on how to make changes without reopening the Brexit deal, said the people, who spoke on condition of anonymity discussing private conversations.