KATHMANDU: Japanese and British automakers have raised concerns over the European Union’s proposed “Made in Europe” plan. The draft law could introduce strict local content requirements for vehicles and batteries according to Nikkei Asia. Under the proposed Industrial Accelerator Act,…

KATHMANDU: The European Union is preparing new ‘Buy European’ rules to support local manufacturing and reduce dependence on foreign suppliers, especially in key sectors like batteries, electric vehicles, and renewable energy according to FT. Under the proposal, known as the…

KATHMANDU: Sales of fully electric cars surpassed petrol vehicles in the European Union for the first time in December, according to data from the European Automobile Manufacturers’ Association (ACEA). Battery-electric vehicle registrations also exceeded petrol car sales across the wider…

KATHMANDU: The European Union and China are close to resolving their dispute over electric vehicles. The talks aim to reduce trade tension and avoid a wider trade conflict. Under the proposed plan, the EU may replace its new tariffs on…

KATHMANDU: China has started anti-dumping investigations on some products imported from the European Union, increasing trade tensions after the EU imposed higher tariffs on electric vehicles made in China, according to Reuters. The move comes after the EU imposed higher…