EV Manufacturing in UK Faces Major Crisis
18 May 2023
Stellantis has made stark warnings to the UK government that it may be forced to pull out of producing electric vehicles (EVs) here, unless something is done about EU tariffs due to kick in in 2024.
The automotive conglomerate, which is the third largest car manufacturer in the world (and features well-known brands like Chrysler, Fiat, Citroën, Maserati, Vauxhall/Opel, Peugeot, Jeep and Alfa Romeo), could potentially put the country’s entire EV engineering sector in jeopardy.
It is concerned that a 10% tariff will be applied to all EV’s being exported to the EU from its production facilities in the UK when the current UK-EU Trade and Cooperation Agreement (TCA) comes to an end - and is pushing for the TCA to be extended for another 3 years.