British carmakers seek clarity on 'Made in EU' rule as trade risks grow

British carmakers seek clarity on 'Made in EU' rule as trade risks grow

The UK's automotive industry group SMMT said on Thursday carmakers need clarity now on whether Britain will count as 'Made in ​EU' in the European Commission's Industrial Accelerator Act (IAA) policy as the ‌ambiguity risks delaying investments.

Trouble Ahead? UK-Built Cars Face Growing Pressure in Europe

UK-built cars risk losing access to key EU incentives Company fleets, 60 per cent of market, could drive shift £70 billion UK–EU auto trade faces fresh pressureUK-built cars could quietly become less competitive in Europe if new EU proposals move ahead, raising concerns across Britain’s automotive sector about how quickly buyer preferences might shift.Under the EU’s proposed Industrial Accelerator Act, only vehicles and parts classified as ‘made…

UK car industry warns EU plan could hit EV trade and jobs - London Business News

The UK automotive industry has urged the European Union to amend its planned Industrial Accelerator Act, warning that excluding Britain from key provisions could damage supply chains, investment and the… The post UK car industry warns EU plan could hit EV trade and jobs appeared first on London Business News

UK EV industry under threat from ‘Made in Europe’ rules

The UK’s car industry has urged European leaders to rethink a new policy which could exclude British-made cars and components from major incentive programmes. The Society of Motor Manufacturers (SMMT) has warned that, as it stands, the EU’s proposed Industrial Accelerator Act (IAA) could cause major damage to both the UK and EU’s economies, and urged a rethink on the Made in Europe policy. The IAA is intended to boost Europe’s car manufacturing …

SMMT urges EU to strengthen not weaken relationship with UK

The Society of Motor Manufacturers (SMMT) today called on the EU to amend its proposed Industrial Accelerator Act (IAA) so as to not exclude UK automotive products from incentives afforded to EU-based manufacturers. The call comes as the UK trade body meets with EU representatives in Brussels lobbying for the move. The IAA is in draft format and it is expected to take more than a year before it is ratified. In the meantime there is uncertainty i…