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Brexit Uncertainty Raises Concerns Over Rising Costs of Electric Vehicles in the UK

Car manufacturers in the UK have expressed concern about the possible rise in the cost of electric vehicles (EVs) if a post-Brexit deal is not reached with the European Union on tariffs. This cost increase, which could amount to an extra £6,000 for British motorists, is expected to occur from January 2024 and could have detrimental effects on the EV market and the UK’s climate change commitments.

The UK government, led by Rishi Sunak, has asked the European Commission to delay the implementation of these costly new rules as part of the Brexit trade deal negotiated by Boris Johnson. However, the EU has shown no sign of willingness to negotiate on this issue.

The potential price increase raises questions about the impact it will have on the adoption of electric vehicles and whether cost is the main factor preventing drivers from choosing greener transportation options. Other factors to consider, such as the upcoming ban on new gasoline and diesel vehicles, charging access and range limitations, also play a significant role.

It is important to consider whether rising post-Brexit prices will impact the growth of EV ownership. Are drivers primarily deterred by the cost of EVs or are there other factors at play?

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2023-10-19 19:31:00
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