Corporate Strategy
Musk offers bittersweet glimpse into what might have been
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Policy and Regulation
Plea to extend transitional rules for EU-UK EV trade
Sticking to current TCA and rules of origin timetables could threaten the EU’s EV market share
2 min read
Brussels-based lobby group the European Automobile Manufacturers Association (Acea) has issued a stark warning to the EU — extend the present transitional tariff rules for EV trade with the UK or face the “severe consequences” of tariff costs of up to €4.3bn and reduced EV output of 480,000 units.
Acea is calling for a three-year postponement to more restrictive tariff rules that are set to come into effect on 1 January next year.
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