21 December 2023
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).
Making the announcement Prime Minister Rishi Sunak said:
We have been listening to concerns of the sector throughout this process, and I know this breakthrough will come as a huge relief to the industry.
The UK Government is delivering a pragmatic solution to keep costs down for businesses and for people at home who want to make the switch to electric vehicles.
We are also leaving no stone unturned to bolster our domestic battery industry and deliver long term certainty for our thriving automotive sector to help them grow their roots in the UK.
A Press Release on GOV.UK has more information.