Tariffs on electric vehicles avoided as UK and EU extend trade rules

The UK and EU have agreed to extend trade rules on electric vehicles until the end of 2026 to keep costs down for manufacturers and consumers, the Prime Minister has announced today (Thursday 21 December).

• UK and EU agree to extend trade rules on electric vehicles saving manufacturers and consumers up to £4.3 billion in additional costs
• Agreement to provide long term certainty for automotive industry and boost electric vehicle sales between the UK and Europe
• Comes as government invests over £2 billion to advance domestic battery production and investment in the UK