ACEA welcomes plan to extend EV trade rules with the UK
By Luke Willetts - 8th January 2024
Sigrid de Vries, Director General of ACEA
UK / Belgium – Both the Brussels-based European Automobile Manufacturers’ Association (ACEA) and the UK automotive industry have welcomed the European Commission’s proposal to extend the current “rules of origin” for electric vehicle batteries under the Trade Cooperation Agreement (TCA) until 2027. The tariff exemptions, which were agreed upon as part of the Brexit deal, were due to end on January 1, 2024, resulting in a 10% tariff on the export of European-built battery electric vehicles to the UK and vice-versa. This would have pushed up the price and made the market less competitive, undermining the transition to zero-emission mobility.
Both ACEA and the Society of Motor Manufacturers and Traders (SMMT) have welcomed this decision and now call upon EU countries to adopt the European Commission’s proposal.
