U.K. Carmakers Warn No-Deal Brexit May Undermine Climate Goals

U.K. carmakers warned that a no-deal Brexit could jeopardize the government’s plans to cut carbon emissions by reducing demand for electric vehicles.

A failure of negotiators to reach a trade agreement would mean a reversion to World Trade Organization tariffs, which would raise the price of European Union-made EVs sold in the U.K. by 2,800 pounds ($3,700), the Society of Motor Manufacturers and Traders said in a statement Thursday.