European Commission I suggested this Wednesday. three year postponement Comes into force – until December 31, 2026 Tariffs on electric vehicles and batteries As requested, trade is taking place between the UK and the EU to avoid supply problems and ensure the health of the European sector. Association of European Automobile Manufacturers (ACEA) before summer. “We listened to those affected and put a fair offer on the table,” the commission vice-chairman said. Maros Sefkovic. “This will provide predictability and stability to the automotive industry and battery manufacturers in a time of strong global competition,” the vice president added. Valdis Dombrovskis.
One of the consequences of the UK leaving the EU is 10% export tariffs from electric vehicles. Brussels is now considering postponing this measure and hiding behind the fact that conditions have changed since Brexit took place. Since then a covid-19 pandemic and one Russia’s war against Ukraine A situation that affects supply chains and causes the European battery system to develop more slowly than originally planned.
Therefore, the Commission’s proposal to extend the period rules of origin It applies to electric vehicles and batteries currently included in the Trade and Cooperation Agreement. This postponement, which will ensure that European industry is exempt from the 10 percent tariff, will also be accompanied by a competition game. 3 billion euros in three years To revitalize the battery industry under the innovation fund. According to Brussels, this will support the assembly of electric vehicles in Europe, as well as create “significant indirect impacts” for the entire European battery value chain.
The proposal, which now needs to be negotiated with governments, was welcomed by the producers’ association; because the UK remains the main export market for the European car industry. “It is vital to guarantee the prosperity of not only electric vehicle production in the EU, but also the entire European battery value chain,” said ACEA director general. Sigrid de Vries. “If the proposal is not approved, the competitiveness of our exports will decrease. “This will also negatively impact demand for batteries and battery materials in Europe due to the loss of market share of electric vehicles compared to third-country competitors,” he adds, referring to China and other manufacturers.
Source: Informacion
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