Trade rules will require EVs to have 45% locally produced content from 2024 in the UK and Europe
New trade rules being implemented in January will include ‘rules of origin’ requirements. These rules will require electric vehicles to have 45% locally produced content from 2024, a figure that will rise to 50% and 60% for battery cells and battery packs.
The change will impact shipments to and from the UK and carmakers failing to hit the targets could face 10% British orIf car manufacturers pass these tariffs on to consumers, it’ll drive up the price of an electric Mini by £3,000 , a Renault Megane E-Tech by £3,700 , and aadvertisement scroll to continueand the EU want the rules of origin laws to be delayed until 2027 as they cannot currently meet the demands.
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