UK risks 'catastrophic' £1.6billion blow without urgent changes to European Union EV policy

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GB News

UK risks 'catastrophic' £1.6billion blow without urgent changes to European Union EV policy

The UK could be slapped with a huge bill within years unless the European Union adjusts its trade policy, an automotive industry giant has warned. In a letter to the leaders of the European Union, the European Automobile Manufacturers Association (ACEA) has urged the bloc to amend the battery Rules of Origin in the EU-UK Trade and Cooperation Agreement (TCA). The industry voice has warned that requirements set to b…