Automakers

EU electric vehicles risk $4.7B post-Brexit tariff cost, auto lobby says

Mini EV output Oxford
Mini EV output is pictured in Oxford, England. (REUTERS)
R
By:
Reuters
June 20, 2023 09:35 AM

BRUSSELS -- Post-Brexit rules forcing European automakers to source more electric vehicle components from Britain or the EU could cost them up to 4.3 billion euros ($4.7 billion) in tariffs and hit output, industry lobbying group ACEA said.

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