EU tariffs on cars could hit £4.5bn, with import tariffs alone pushing up the list price of cars imported to the UK from the continent by an average of £1,500.
Despite the slump in the value of the pound against the euro, the UK still heads the EU league table of diesel prices, reports the RAC Foundation.
Half of drivers are concerned how Britain’s exit from the EU may affect their motoring, according to an AA Populus poll of almost 20,000 drivers.
Brexit is unlikely to change the course of environmental policy in the UK in the short term, including the introduction of so-called ‘Clean Air Zones’.
Almost two-thirds (64%) of fleets now believe their costs will rise as a result of the UK leaving the European Union (EU).
The UK automotive industry turned over a record £71.6bn last year – up 7.3% on 2014 – and now employs 814,000 people, with 17,000 new jobs created in 2015.
The value of the pound is likely to result in higher prices at the pump despite a drop in the world crude price following the referendum result, says the RAC.
The Government has been urged to secure a deal which safeguards UK automotive after the country voted to leave the European Union (EU).
The UK motor industry has restated its view that staying in the EU is best for its business and best for British jobs, just days ahead of the referendum.
The fleet industry has come out in favour of leaving the European Union, despite warnings that used car prices could fall and rental costs could rise.
Toyota is considering taking legal action against the Vote Leave campaign after the unauthorised use of its trademarks.
Europe’s transport ministers, the European Commission and the European Automobile Manufacturers’ Association (ACEA) have reached an agreement on cooperation in the field of connected and automated driving.
There would be "significant uncertainty" over used car values if the UK left the EU following the June referendum, says Glass's.
Three quarters of SMMT members say remaining in Europe is best for their business, according to the results of a new survey.
Road safety groups met with the President of the European Commission Jean-Claude Juncker last week to call for a new EU target to reduce serious road injuries.
New approved European Commission emission tests is the first step in ensuring a marked reduction in NOx emissions, claims Emissions Analytics.
UKLPG is calling on the incoming air quality minister to support new research indicating that automotive LPG could play a bigger role for UK transport to 2050.
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