European auto manufacturers urge delay of post-Brexit EV tariffs

  • Stock Market News
European auto manufacturers urge delay of post-Brexit EV tariffs

In a significant move to protect the electric vehicle (EV) industry in Europe, the European Automobile Manufacturers' Association (EAMA) has urged policymakers to delay the implementation of post-Brexit tariffs on EVs. The appeal was made on Sunday, ahead of a trade officials meeting scheduled for this week.

The association's plea comes in response to concerns that the impending tariffs, set to be enforced between the UK and the EU from January, could lead to a substantial decline in regional production. The EAMA warns that these measures could potentially result in a production drop of up to 480,000 vehicles over the next three years.

The call by the auto lobby group underscores the potential impact of these tariffs on the sector. It emphasizes the need for careful consideration by the European Commission before implementing such measures, highlighting their potential to significantly disrupt the EV industry in Europe.

The EAMA's plea is seen as a crucial step towards safeguarding Europe's EV industry, which has been growing steadily in recent years. As negotiations continue, all eyes will be on the upcoming trade officials meeting this week, where these concerns are expected to be discussed in depth.

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