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Electric vehicle duties could be delayed until 2026

Electric vehicle duties could be delayed until 2026

Electrification

British Chancellor of the Exchequer Jeremy Hunt and Prime Minister Rishi Sunak at the Nissan factory in Sunderland. Stock image. Photograph: Ian Forsyth/AP/TT

Economics (TT reporter)

After appeals from EU countries and Great Britain, the European Commission proposes to postpone tariffs on electric cars that are due to come into force from the beginning of the year.

– Today's decision means that we have passed a temporary phase of somewhat stricter rules of origin that would have applied from 2024 to the end of 2026. This is a one-time extension, and it will not be possible to do it again, says Commissioner Maros Sefcovic at the conference Journalist in Brussels.

The proposal includes postponing rules that would require 10 percent duties to be imposed on electric vehicles that are not at least 45 percent manufactured in the European Union or Great Britain, and on batteries that are not at least 50 to 60 percent manufactured in the same places.

The proposal now needs approval from European Union member states.

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