Pressure on Sunak to rewrite Brexit deal as car makers face ‘existential threat’
The Independent
23-05-17 08:18
While giving evidence to an inquiry into battery supply for EVs, Stellantis, the parent company of auto manufacturers such as Vauxhall, Peugeot, and Citroen, warned that thousands of jobs and its UK investments are at risk without changes to the Brexit deal. The company said, without alterations, they could not ensure the production of electric vehicles in the UK due to obligations under the Trade and Co-operation Agreement. The deal requires 45% of an electric car’s value to originate in the EU or the UK to qualify for trade without tariffs, with higher requirements for batteries causing them to potentially miss the required specifications.