This is the best summary I could come up with:

New Brexit trade rules covering electric vehicles could cost European manufacturers £3.75bn over the next three years, an industry body has said.

The rules are meant to ensure that EU-produced electric cars are largely made from locally sourced parts.

The European Automobile Manufacturers Association (ACEA) also warned the measures could reduce output from EU factories by 480,000 vehicles.

"Driving up consumer prices of European electric vehicles, at the very time when we need to fight for market share in the face of fierce international competition, is not the right move," said Renault chief executive Luca de Meo, who is also acting as ACEA's president.

Sigrid de Vries, the secretary general of ACEA, said it was unsurprising that the industry's appeals were meeting resistance.

Meanwhile the chief executive of the UK's Society of Motor Manufacturers and Traders, Mike Hawes, told reporters last week that he thought a deal would be done - but it could be a last-minute affair.

The original article contains 652 words, the summary contains 158 words. Saved 76%. I'm a bot and I'm open source!