Parts suppliers need to understand rules of origin
By Gary Dodsworth2021-08-12T15:07:00
Parts suppliers in the UK need to understand a few priorities about the rules of origin by the end of this year if they are to correctly assess the tariffs that will be applied
With several car manufacturers having either confirmed, or in the process of confirming, new vehicle battery manufacturing sites in the UK, it marks an important shift in the transition to electric vehicles. This is all good news for the UK car industry as it secures a firm foundation on which to grow its EV manufacturing base.
However, this good news should not encourage complacency among the wider, traditional automotive sector, especially UK-based parts suppliers. While the new generation of battery plants are exempt from the border tariffs being introduced by the EU, component manufacturers still need to ensure they have a good practical understanding of the rules of origin.