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...The US imposes a 27.5 per cent import duty, while the UK and EU levy a 10 per cent duty on foreign-made cars....
...While demand for BEVs has risen over the past three years, according to data compiled by Jato Dynamics, their share of the new car market shrank in the UK and sales growth slowed in the US and Europe....
...Stellantis, the owner of multiple car brands including Opel, Peugeot, Citroën and Fiat, previously said it would look to localise UK production if Brexit led to tariffs between Britain and the EU....
...Renault, BMW and Volvo Cars also manufacture some models in China for sale in Europe....
...the transition to electric and safeguarding skilled jobs in the UK car industry”....
...Some carmakers relying on rerouted vessels for components have already felt the impact, with Tesla in Germany, Volvo Cars in Belgium and Suzuki in Hungary halting certain vehicle production lines....
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...Leading car brands such as Ford, Vauxhall and Volvo Cars have pledged to go fully electric this decade and had made manufacturing decisions with the 2030 ban in mind....
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...Over the past three years, the group, helmed by Li Shufu, has overseen the IPO of Volvo Cars, and the de-Spac listings of EV brand Polestar and in-car tech group ECARX....
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...Luton is the UK’s fifth-busiest airport, and mainly caters to leisure traffic, handling 12mn passengers in 2022....
...The expiry of the deal on cars will also have a limited impact....
...Tactical weapons are designed for limited battlefield use in Europe and Asia, as opposed to the larger “strategic” weapons intended to target the US....
...But since this trade was based around importing and ‘hubbing’ out of the UK, it was arguably of limited value for the wider economy anyway....
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...The UK’s bestselling electric car, the Y is a do-it-all, mid-sized family car with a sizeable range and neck-muscle-testing acceleration should you push it....
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