UK and EU in talks over Brexit trade deal deadline that threatens UK electric car industry
The UK and EU are in talks over a looming Brexit trade deal deadline that could threaten the UK's electric car industry. Carmakers in Britain and the EU have been asking for the rule change to be pushed back. Stellantis, which owns Vauxhall, Peugeot, Citroen and Fiat, has said that its UK factories are at risk. The company has previously committed to making electric cars in the UK, but now says these plans are under threat. Under the terms of the Trade and Co-operation Agreement (TCA), from next year 45% of an electric car's value should originate in the UK or EU to qualify for trade without tariffs, with higher requirements for batteries.