The UK’s car industry has called on the EU to reconsider its plans to introduce new legislation that would effectively exclude British-built cars, parts and EV batteries from receiving the same incentives as those produced in mainland Europe.
Under the EU’s proposed Industrial Accelerator Act (IAA), cars and car parts that are considered to be ‘made in Europe’ will receive several benefits such as qualification for state-backed grants, company car tax incentives and additional CO2 credits for small cars less than 4.2 metres long. Such changes are designed to act as a means of bolstering European industry and levelling the playing field against the raft of cheaper models arriving from China.
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