Car buyers face £1,900 additional cost in case of no-deal Brexit

Tariff hit for electric vehicles likely to be £2,800 per car, with risks to UK’s net zero plans

The car industry has said a no-deal Brexit will add thousands of pounds to the cost of electric and conventional cars.

A no-deal Brexit would add 10% to the cost of new cars imported from the EU. The average price of cars imported to the UK from the EU is about £19,000, meaning car buyers could overnight face an additional £1,900 per vehicle, according to sales data from the Society of Motor Manufacturers and Traders (SMMT), a lobby group.

Continue reading…

Read full original article »