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UK announces comprehensive support package for auto industry in face of US tariff pressure

The UK government announced a comprehensive support package for the automotive industry on the evening of April 6, as carmakers face increasing pressure from new US tariffs and the global shift to electric vehicles (EVs).

Báo Nhân dânBáo Nhân dân08/04/2025

People walk on Westminster Bridge in fog in London, Britain, December 19, 2021. (Photo: Xinhua)

People walk on Westminster Bridge in fog in London, Britain, December 19, 2021. (Photo: Xinhua)

British multinational carmaker Jaguar Land Rover (JLR) suspended exports to the United States on April 5 after Washington imposed a 25% import tax on foreign-made vehicles. JLR, which exports nearly a quarter of its total production to the US, said it needed time to review its pricing and logistics strategy in light of changing trade conditions.

UK announces comprehensive support package for auto industry in face of US tariff pressure photo 1

Keir Starmer delivers his first speech as British Prime Minister in front of 10 Downing Street in London, UK, July 5, 2024. (Photo: Xinhua)

Announcing the support measures, British Prime Minister Keir Starmer affirmed that the government will act decisively to protect the auto industry.

Global trade is changing dramatically, ” he said . “So today, I’m announcing bold changes to how we support our auto industry.”

He stressed that these reforms would help British businesses expand global exports and protect jobs at home.

The new package includes reform of zero-emission vehicle regulations, maintaining the 2030 deadline to stop selling new petrol and diesel cars, but allowing more flexibility for manufacturers during the transition period.

Under the new rules, automakers will be able to borrow “electric vehicle credits” between 2024 and 2026 and repay them by 2030. They are part of a regulatory framework that requires manufacturers to sell a certain percentage of zero-emission vehicles each year. The credits help companies meet short-term targets while expanding EV production capacity.

The government will also extend until 2029 the allowance for some hybrid vehicles – vehicles that use a combination of electric and petrol engines – to count towards the EV target, but will impose a limit on the number of credits used to ensure the seriousness of the environmental target.

The end of sales of hybrid cars, originally set for 2030, has now been pushed back to 2035, giving the industry more time to adapt to full electrification.

UK announces comprehensive support package for auto industry in face of US tariff pressure photo 3

File photo: Car park at the Jaguar Land Rover factory in Halewood, Liverpool, northern England, September 12, 2016.

In addition, the UK government also confirmed that it will invest 2.3 billion pounds (equivalent to 2.96 billion USD) to support the transition. This investment will provide tax incentives for electric car buyers and expand the national network of charging stations, with the aim of making electric cars more accessible and affordable for consumers.

The support comes amid growing concerns about the future of the UK car industry, which accounts for an eighth of the country’s export earnings. The US is Britain’s second-largest car export market after the European Union (EU), accounting for nearly 20% of total vehicle exports.

Experts at the Institute for Public Policy Research, a London-based think tank, warn that prolonged tax pressure could threaten up to 25,000 jobs, particularly in the West Midlands, where many car parts suppliers are located.

UK Transport Secretary Heidi Alexander said the car industry had been held back by uncertainty. “This package will help protect and create jobs, and position the UK as a global leader in electric vehicles,” she said.


Source: https://nhandan.vn/anh-cong-bo-goi-ho-tro-toan-dien-nganh-o-to-truoc-ap-luc-thue-quan-tu-my-post870657.html


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