Brexit benefit - Cheap EVs and the removal of the government grant
The EU is expected to announce tariffs on Chinese EV's partly as a protectionist measure for their car manufacturing industrial and partly to give support to the US foreign policy.If the UK does not follow it may be one of the few Brexit benefits. Allowing possibly the removal of the UK government grant on EVs which can be used on other green projects such as solar.However whatever main party wins they will likely follow the EU. After all it's all about taking back control.EU manufacturers appear not to want such barriers as it may impact not only their sales in China but also the supply of EV components to their European factories.
Ed Robinson ● 381d0 Comments