Carmakers call on EU to delay 10% tariff on electric vehicle exports

News Snapshot:

Car giants including Renault, BMW and Mercedes-Benz have called on EU leaders to “act now” and delay plans for a 10% tariff on electric car exports from Europe. Renault’s chief, Luca de Meo, led the calls, saying that if the EU did not take action then policymakers would simply be “handing a chunk of the market to global manufacturers” including Chinese companies, which are making significant inroads. European and UK carmakers timed their call ahead of this week’s gathering of the joint EU-UK Brexit specialised committees on trade. The tariff is due to be enforced from January, but carmakers in...