[ad_1]
© Reuters. FILE PHOTO: European flags fly exterior the European Fee headquarters in Brussels, Belgium September 20, 2023. REUTERS/Yves Herman/File Photograph
BRUSSELS (Reuters) – The European Fee proposed on Wednesday delaying by three years a tightening of native content material guidelines that might have led to import tariffs on many electrical automobiles (EVs) traded between the European Union and Britain from the beginning of 2024.
The Fee additionally mentioned it was setting apart an extra 3 billion euros ($3.24 billion) to spice up the EU’s battery manufacturing trade, a transfer designed to spice up native content material and cut back reliance on batteries and supplies from China.
($1 = 0.9267 euros)
[ad_2]
Source link