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Added on the 22/08/2016 13:53:57 - Copyright : DailyTelegraph
The European Commission proposes a three-year delay on tariffs on electric vehicles that are sold to, or imported from, Britain that was due to apply from January. The commission, the EU's executive arm, says it decided a one-off extension after the automotive industry raised concerns about the massive costs that would arise from a post-Brexit 10-percent tariff. Maros Sefcovic, EU Commission Vice President, calls the proposal "balanced and forward-looking" which "supports the competitiveness of our industry and protect jobs in the European Union" SOUNDBITE
"Global markets are now flooded with cheaper Chinese electric cars" says European Commission president Ursula von der Leyen, "and their price is kept artificially low by huge state subsidies". The comments -- made to the European Parliament in Strasbourg -- come as Brussels announces it will investigate Chinese state subsidies for electric vehicles in order to protect the European market from "distortion." SOUNDBITE
German auto giant Volkswagen unveils a new budget electric vehicle, as the competition in the EV sector revs up. The ID. 2all model, with front-wheel drive and a range of up to 450 kilometres (280 miles), will be priced under 25,000 euros ($26,300) when it hits the European market in 2025, the manufacturer said. IMAGES
Hyundai have unveiled their new Prophecy electric car, which can be driving autonomously and has a joystick instead of the traditional steering wheel.
BMW has promised to increase their electric and hybrid car sales over the next two years as strict EU rules come into place in 2021.
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