The European Commission is set to propose a three-year delay in the implementation of tariffs on electric vehicles in trade with the United Kingdom.
Under the terms of the Brexit agreement, starting from the new year, a 10 percent import duty would apply to an electric car if less than 45 percent of its value is of British or European origin. If a car meets the 45 percent threshold, it is eligible for tariff-free trade.
Automakers, the United Kingdom, and a majority of EU countries had advocated for postponing the measure until 2027. According to Bloomberg, the Commission will present the plan to the EU member states for consideration.
This proposed delay reflects ongoing discussions and considerations surrounding the practical implications and economic impacts of tariff implementations, balancing the interests of the automotive industry, the UK, and EU member states. The decision will likely involve complex negotiations and assessments before reaching a consensus among the involved parties.
