{"id":49045,"date":"2023-12-21T15:00:49","date_gmt":"2023-12-21T14:00:49","guid":{"rendered":"https:\/\/www.acea.auto\/?post_type=pr-regular&p=49045"},"modified":"2023-12-21T18:02:44","modified_gmt":"2023-12-21T17:02:44","slug":"rules-of-origin-eu-and-uk-sign-off-deal-providing-much-needed-certainty-for-eu-electric-vehicle-manufacturing","status":"publish","type":"pr-regular","link":"https:\/\/www.acea.auto\/press-release\/rules-of-origin-eu-and-uk-sign-off-deal-providing-much-needed-certainty-for-eu-electric-vehicle-manufacturing\/","title":{"rendered":"Rules of origin: EU and UK sign off deal providing much-needed certainty for EU electric vehicle manufacturing"},"content":{"rendered":"\n

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Brussels, 21 December 2023 \u2013 The EU and UK have today signed off on extending current battery and electric vehicle (EV) rules of origin under the Trade and Cooperation Agreement (TCA). European manufacturers welcome this solution, which will help support the competitiveness of Europe\u2019s burgeoning electric vehicle manufacturing industry.  <\/strong><\/p>\n\n\n\n

\u201cThe long-awaited deal to extend rules of origin by three years provides much-needed certainty to Europe’s growing electric vehicle battery supply chain. Instead of penalising green industries, today’s decision is recognition that it takes time to build up emerging value chains,\u201d noted Sigrid de Vries, ACEA Director General. \u201cIt is also a strong signal that the EU is willing to uphold the competitiveness of its critical industries \u2013 the deal has potentially avoided a hefty \u20ac4.3 billion in tariff costs and saved some 480,000 units of electric vehicle (EV) production.\u201d <\/p>\n\n\n\n

Today\u2019s decision comes as a report<\/a> published last week indicates the massive challenges for Europe\u2019s EV manufacturing sector. Backed up by comprehensive strategies to boost domestic supply chains and homegrown EV industries, the report notes that the EU is at risk of losing ground to Chinese and US competitors. \u201cUnlike China and the US, the EU lacks a robust industrial strategy to boost electric vehicle manufacturing,\u201d added de Vries. While we applaud today\u2019s hard-fought decision, we must build on this positive collaboration to solve the immense challenge of building a mature EV battery supply chain in Europe.\u201d  <\/p>\n\n\n\n

De Vries: \u201cVehicle manufacturers want to lead Europe\u2019s green transition and build the future of EV manufacturing in Europe \u2013 for the benefit of all Europeans. Building on today’s constructive decision from law makers, the focus should turn to framing a holistic EU industrial strategy for the entire green value chain, from R&D, mining, refining and manufacturing; to charging networks, energy supply, purchase incentives, and recycling.\u201d <\/p>\n\n\n\n\t\t

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The long-awaited deal to extend rules of origin by three years provides much-needed certainty to Europe’s growing electric vehicle battery supply chain.<\/div>\n\t\t\t
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Notes to editors<\/h2>\n\n\n\n