Electric Vehicles: Components and Raw Materials
The question
To ask the Secretary of State for Business and Trade, what assessment his Department has made of the potential impact of US tariffs on (a) manufactured components and (b) raw materials for the domestic production of electric vehicles.
Answered by Sarah Jones
The Secretary of State and I frequently engage with stakeholders to discuss automotive sector issues, including the potential impacts of US tariffs on manufactured components and raw materials for domestic EV production. On May 8, a landmark economic deal with the US was announced, protecting jobs in key sectors such as automotive. This deal reduces tariffs on UK car exports from 27.5% to 10%, which is positive news for British car manufacturers. We are also providing additional support for the sector; the 2024 Autumn Budget allocated over £2 billion for zero-emission vehicle manufacturing and supply chains.
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