understands that Brussels has shifted from a refusal to countenance a delay on the introduction of “rules of origin” from January 2024 and has now tabled a proposal for their postponement amid warnings of the impact on showroom prices.amid splits between member states and auto manufacturers and the European Commission.
The new rules would also see EVs imported from the EU, such as the Jaguar I-Pace and cars made by Audi, Volkswagen and Skoda, face 10 per cent tariffs that experts said would be passed on to consumers in price hikes. Auto manufacturers and the UK have called for a delay in the rules, warning that higher costs could significantly reduce Europe’s market share of vehicles in the UK and that the changes may also prove counterproductive by making Chinese cars more affordable in the UK than those made in Europe.
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Source: i newspaper - 🏆 8. / 89 Read more »