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The new EU rule introduced after Brexit that could ‘disadvantage the UK’

News Snapshot:

The European Union could soon pass a new rule that could massively disadvantage the UK’s car industry in a horrifying post-Brexit move. New ‘Made in Europe’ legislation will mandate that some strategic products, including vehicles, must contain a minimum number of EU-made components to qualify for public subsidies.Under the new Industrial Accelerator Act rules, EVs will be required to ensure 70% of components are made in the EU to qualify for cash grants or tax exemptions. It is believed the new rules are in place mostly to protect European companies from the threat of brand-new Chinese manufacturers.However, the rule would…

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