TSLA - U.K.'s Electric Vehicle Supply Chain Needs An Electrifying Jolt
- The U.K. automotive market is having its worst year since 1992. New car sales reached just 1.63 million, a 30% fall from the year before.
- Over the last year, COVID-19 restrictions have closed showrooms.
- A new trade deal with the EU allows tariff-free access to the U.K.'s largest automotive export market. However, tariff-free does not mean barrier-free.
- One looming crisis the Society of Motor Manufacturers and Traders identified is the incomplete nature of the U.K.'s electric vehicle supply chain.
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U.K.'s Electric Vehicle Supply Chain Needs An Electrifying Jolt