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EVs Struggle to Meet EU Battery Targets
Description
The car industry is begging the EU for more time to meet Brexit EV tariff deadlines—less than 20% of batteries are expected to be made in Europe by the deadline, far below targets set in 2020. Pandemic delays, chip shortages, and the sheer cost and time to build local battery supply chains have stalled progress. With the EU pushing for local manufacturing to boost green tech, automakers fear tariffs will hurt competitiveness and investment unless the rules are adjusted.
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