The Society of Motor Manufacturers and Traders (SMMT) is today urging the EU and UK to strike an immediate agreement to avoid damaging Brexit tariffs on electrified vehicles.
The plea, echoed by the EU auto sector, is to delay the implementation of tougher new Rules of Origin (ROO) requirements on batteries which could render EU and UK made electrified vehicles uncompetitive in each others’ markets. As the clock ticks down to the 1 January 2024 ROO introduction, new calculations lay bare the impact…
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