The bosses of Europe’s largest carmakers have urged the president of the European Commission to postpone the “cliff-edge” introduction of post-Brexit tariffs they say will harm EU electric vehicle production.
Renault, Mercedes-Benz, Volvo and Ferrari were among the 13 large manufacturers who wrote on Tuesday to Ursula von der Leyen asking for a delay to “rules of origin” that are scheduled to come into force on 1 January.
The carmakers also included Toyota, Ford and Jaguar Land Rover, all of which have factories in Britain, plus BMW and Volkswagen, which own Rolls-Royce and Bentley in the UK.
The tariffs “would have a direct impact on the competitiveness of EU electric vehicle manufacturing by reducing our share in Europe’s number one EV export market”, the carmakers wrote, referring to the UK.
The car bosses said the rules of origin were “unachievable” and would “have significant direct consequences in terms of a potential loss of EV manufacturing output in Europe”.
Imposing the tariffs would be “incoherent” because it would risk damaging new green industry at a time when the EU was trying to encourage it, said the letter, which was coordinated by the European Automobile Manufacturers’ Association, a lobby group.
The original article contains 491 words, the summary contains 198 words. Saved 60%. I’m a bot and I’m open source!
This is the best summary I could come up with:
The bosses of Europe’s largest carmakers have urged the president of the European Commission to postpone the “cliff-edge” introduction of post-Brexit tariffs they say will harm EU electric vehicle production.
Renault, Mercedes-Benz, Volvo and Ferrari were among the 13 large manufacturers who wrote on Tuesday to Ursula von der Leyen asking for a delay to “rules of origin” that are scheduled to come into force on 1 January.
The carmakers also included Toyota, Ford and Jaguar Land Rover, all of which have factories in Britain, plus BMW and Volkswagen, which own Rolls-Royce and Bentley in the UK.
The tariffs “would have a direct impact on the competitiveness of EU electric vehicle manufacturing by reducing our share in Europe’s number one EV export market”, the carmakers wrote, referring to the UK.
The car bosses said the rules of origin were “unachievable” and would “have significant direct consequences in terms of a potential loss of EV manufacturing output in Europe”.
Imposing the tariffs would be “incoherent” because it would risk damaging new green industry at a time when the EU was trying to encourage it, said the letter, which was coordinated by the European Automobile Manufacturers’ Association, a lobby group.
The original article contains 491 words, the summary contains 198 words. Saved 60%. I’m a bot and I’m open source!