Failure to bolster the supply chains for electric cars, coupled with looming post-Brexit tariffs, could cost the UK’s car industry over £100bn in growth, a leading industry group has warned. A potential 10-fold increase in the production of electric cars worth £106 billion is as it stake, according to a new report from the Society of Motor Manufacturers and Traders’ (SMMT).
Unless the government invests in British manufacturing plants, helps to scale up their EV supply chains and reworks the incoming export tariffs created…Post-Brexit Tariffs And EV Chain Woes Threaten UK Carmakers
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