EU Commission: Brexit tariffs for e-cars to remain suspended
Good news for the German automotive industry: electric cars are to be exempt from Brexit tariffs in trade between the EU and the UK for a further three years. The EU Commission made a proposal to this effect in Brussels on Wednesday.
The ball is now in the EU member states' court, which must approve the proposal by a qualified majority. This requires the approval of at least 15 of the 27 EU states. These must also represent at least 65% of the EU population.
Due to the UK's withdrawal from the EU, new customs rules were actually due to come into force on January 1, 2024. Vehicles with less than 45% of their value added in the EU or the UK would then be subject to a 10% duty. This would affect manufacturers who do not achieve the value-added quota for e-cars, for example due to a lack of battery production capacity.
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More EU member states need to approve the proposal to keep Brexit tariffs for e-cars suspended for another three years, as proposed by the EU Commission. This exemption is beneficial for the German automotive industry, especially in the production of E-cars, given the UK's departure from the EU and the potential 10% duty for vehicles with less than 45% value added in the EU or UK.
Source: www.ntv.de
