• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
A group of trucks parked in front of a charging station, complying with EU trade rules.

EU and UK Agree to Extend Trade Rules for Electric Vehicles, Postponing Tariffs

12/21/2023
EU and UK Agreement Set to Boost Trade and Ease Tariff Burdens Across the Supply Chain

EU and UK Agreement Set to Boost Trade and Ease Tariff Burdens Across the Supply Chain

06/05/2025
UK Rail Freight Expansion Strengthens Supply Chain Resilience and Lowers Tariff-Linked Costs

UK Rail Freight Expansion Strengthens Supply Chain Resilience and Lowers Tariff-Linked Costs

06/05/2025
London’s EV Congestion Charge Review Signals Policy Shift with Trade and Tariff Implications

London’s EV Congestion Charge Review Signals Policy Shift with Trade and Tariff Implications

06/05/2025
Global Air Cargo Alliance Led by Carriers from Qatar, UK, and Malaysia to Boost Trade Connectivity and Tariff Efficiency

Global Air Cargo Alliance Led by Carriers from Qatar, UK, and Malaysia to Boost Trade Connectivity and Tariff Efficiency

06/05/2025
Germany’s Hamburg Port Expands Shore Power to Cut Emissions and Prepare for Future Tariffs

Germany’s Hamburg Port Expands Shore Power to Cut Emissions and Prepare for Future Tariffs

06/05/2025
UK Temporarily Exempted from U.S. Metal Tariff Increase

UK Temporarily Exempted from U.S. Metal Tariff Increase

06/04/2025
Trump Pushes Tariff Hikes Amid Legal Obstacles

Trump Pushes Tariff Hikes Amid Legal Obstacles

06/04/2025
U.S. trade deal efforts challenged by tight deadlines and tariff issues.

U.S. trade deal efforts challenged by tight deadlines and tariff issues.

06/04/2025
OECD Cuts U.S. Growth Forecast Over Rising Trade Costs

OECD Cuts U.S. Growth Forecast Over Rising Trade Costs

06/04/2025
U.S. Steel and Aluminium Tariffs Raised to 50%

U.S. Steel and Aluminium Tariffs Raised to 50%

06/04/2025
Tariff Hikes on Steel and Aluminum to Raise Consumer Prices

Tariff Hikes on Steel and Aluminum to Raise Consumer Prices

06/03/2025
U.S. Tariffs Add Pressure to China and EU Trade Talks

U.S. Tariffs Add Pressure to China and EU Trade Talks

06/03/2025
supplychainreport
Friday, June 6, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

EU and UK Agree to Extend Trade Rules for Electric Vehicles, Postponing Tariffs

by Geraldine S.
12/21/2023
in Global Trade, Importing & Exporting, Industry, International Relations, Manufacturing, Tariffs & Duties, Trade Agreements

YOU MAY ALSO LIKE

EU and UK Agreement Set to Boost Trade and Ease Tariff Burdens Across the Supply Chain

UK Rail Freight Expansion Strengthens Supply Chain Resilience and Lowers Tariff-Linked Costs

The European Union and the United Kingdom have reached an agreement to extend the deadline for electric vehicle (EV) manufacturers to comply with local content rules to the end of 2026, effectively postponing the imposition of tariffs on EVs traded with the UK. This extension, which moves the deadline from the initial 2024 target, is expected to save manufacturers and consumers up to £4.3 billion ($5.45 billion) in potential additional costs, according to the British government.

Both the EU and the UK serve as significant markets for each other’s exports of EVs, a sector growing in importance as a greener alternative to traditional internal combustion engine vehicles. The decision to extend the timeline was initially proposed by the EU earlier this month and subsequently received formal approval from the EU Council on Thursday. British Prime Minister Rishi Sunak, in a statement, acknowledged the concerns of the automotive sector, stating, “We have been listening to concerns of the sector throughout this process, and I know this breakthrough will come as a huge relief to the industry.

We are also leaving no stone unturned to bolster our domestic battery industry and deliver long-term certainty for our thriving automotive sector to help them grow their roots in the UK.” The automotive industry, including major players like Fiat-owner Stellantis, had previously expressed concerns about the potential impact of the earlier 2024 deadline, warning of possible repercussions such as plant closures. The extension has been welcomed by industry representatives. Mike Hawes, the head of the London-based Society of Motor Manufacturers and Traders (SMMT), commended the decision: “Deferring the rules of origin is a win for motorists, the economy, and the environment.

The measure will help cut carbon, support growth and jobs, and is the right decision for the decarbonisation of road transport.” Furthermore, the British government is looking to negotiate a similar three-year extension for equivalent rules with Turkey, aiming to support UK car companies who are significant exporters to the Turkish market.

Get the latest supply chain report news insights at The Supply Chain Report. For international trade resources, visit ADAMftd.com.

#EVEconomy #SustainableTransport #UKEUDeal #ElectricVehicles #AutomotiveIndustry #Decarbonisation #Stellantis #SMMT #BatteryIndustry #GreenTransport #TradeAgreement #TariffExtension #MotorManufacturers

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.