Follow EU regulation to keep costs low, says Ford boss

Britain should continue following EU car regulations to avoid extra costs for consumers, says the boss of Ford. To gain access to the single market, UK car manufacturers are obliged to follow EU regulations. From January 2024 UK cars sold to the EU - and cars sold in the opposite direction - could face a 10% tariff. That will happen if electric cars built in the UK or the EU bust one or more of two targets: having more than 45% of any vehicle by value, or 60% of their battery, made from parts outside the EU and the UK. The rule was drawn up by the European Commission to encourage both UK and EU car manufacturers to accelerate the production of electric vehicle parts in Europe. The tariff would increase car prices for consumers, add costs to industry and undermine two key targets: increasing the production of Battery Electric Vehicles and ensuring all cars are Zero Emissions Vehicles.

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