Post-Brexit tariffs on cross EU-UK electrical vehicle imports still going ahead
– pushed back against multiple British and Euro MPs asking for the rules to be delayed, saying that American subsidies dished out to its domestic makers under the Inflation Reduction Act were choking off the sector.Since the adoption of the Inflation Reduction Act, investment in the battery sector in the EU has fallen off a cliff. I think it's more or less from 46 percent of global investment in the battery sector in the EU down to 1 percent...
The rules of origin mean that the battery in ... a pure electric vehicle... will have to be marked as originating either in the UK or in the EU to pass that test. If you were to loosen the rules, it means that that battery could be purchased elsewhere in the world, in the US or in China. So when you say 'Loosen the rules of origin', you're saying that in addition to the pull factor, which means that investment in the battery sector is dropping in the EU, you'd be adding a push factor encouraging those batteries for European vehicles to be bought in China and the US.
Stellantis added:"If we source batteries from mainland Europe and China, as currently planned, our UK Stellantis plants will also be at a competitive disadvantage due to the higher logistics costs that we will face to transport the batteries from mainland Europe to the UK." Mike Hawes, chief executive of the UK's Society of Motor Manufacturers and Traders said in May:"The UK-EU TCA provided the basis for tariff-free trade and unlocked some pent-up investment. However, the rules of origin for batteries pose a significant challenge to manufacturers on both sides of the Channel, with the prospect of tariffs and price increases which discourage consumers from buying the very vehicles needed to achieve climate change goals.
Belgique Dernières Nouvelles, Belgique Actualités
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