The last-minute trade deal clinched on Christmas Eve between the United Kingdom and European Union means the electric car trade is protected — for now. One of the stickier points that had to be worked out was the percentage of parts in EVs produced outside the EU/U.K. that would still qualify for zero tariffs. The battery is typically made in places like China, South Korea and Japan, so the EU agreed to a six-year exemption for EVs. (Source: Forbes) Read the original article.
Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.
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