EU Approves Three-Year Delay to Post-Brexit Tariffs on EVs ...Middle East

The European Union approved on Thursday a proposal to delay a 10% tariff on electric vehicles in trade with the UK until December 2026 from an original date of entry into force on January 1, 2024. The delay of the tariff by three years will give EV manufacturers in the EU and the UK more time to comply with the local content requirements for electric vehicles and batteries under the EU-UK Trade and Cooperation Agreement.   The agreement stipulates that only those electric vehicles that comply with the rules of origin, which define the required…

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