Car makers ‘erring on side of caution’ due to potential post-Brexit tariffs


Key Topics in this News Article:

News Snapshot:

C ar makers are “erring on the side of caution” when it comes to electric vehicle sales next year due to planned European Union tariffs, an industry chief has warned. Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders (SMMT), said manufacturers would be taking a “risk averse” approach to sales numbers in early 2024 as he predicted that negotiations between London and Brussels would likely go down to the wire. Manufacturers on both sides of the Channel have urged the EU to delay post-Brexit trade rules leading to tariffs on exports of many UK-built cars, particularly...