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UK Automotive welcomes plan to extend EV trade rules and calls for urgent adoption to avoid tariff cliff-edge

SMMT

The UK automotive industry has today welcomed the European Commission’s proposal to extend the current rules of origin for electric vehicle batteries under the Trade Cooperation Agreement (TCA) until 2027 – and urged every government to back it. Any cost increase would act as a barrier to uptake, undermining their competitiveness.

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US Electric Vehicle (EV) Tax Credits Signal New Era for Automotive Policy

Frost & Sullivan Manufacturing

Under guidance released in April by the US Department of Treasury following the Inflation Reduction Act, effective April 18, 2023, only EVs that fulfill specific mineral sourcing and battery pack content requirements will qualify for tax credits. Subject to a price cap (i.e.,

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Jeff Burnstein, president of A3, shares top automation trends for 2023

Automation Mag

Overall robot sales slow slightly in Canada, but thrive in automotive and other key industries In 2022, Canadian companies purchased 3455 industrial robots, according to the latest A3 report. million of which will be installed in 2027 alone.”

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Brexit ‘cliff edge’ poses threat to UK electric car production, warns industry chief

The Guardian Manufacturing

Head of SMMT raises concerns over tightening of trade rules from January on vehicles exported from UK to EU The growth of electric car production in Britain is under threat from a Brexit “cliff edge” in January unless the EU agrees to delay new trade rules until 2027, industry leaders have warned. Continue reading.

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Electrifying India’s Construction Equipment Sector: A Pathway to Sustainable Growth

Dinesh Mishra

Remarkably, projections suggest that by 2027, India will ascend to the second spot, surpassing the United States. The sheer scale of emissions generated underscores the urgency to transition towards cleaner energy sources.

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Is Your Organization Harnessing the Power of a Global, AI-Driven, Data Visualization Platform to Drive Success in Fleet Leasing and Rental ?

Frost & Sullivan Manufacturing

Amid the automotive industry’s pandemic-induced slowdown, coupled with supply chain constraints and semiconductor shortages, a silver lining is emerging. The data encompasses various powertrains, from petrol and diesel to battery EVs and hybrids, with historical data from 2015 to 2023 and projections from 2024 to 2027.

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ABB to Invest $280 million in Its European Robotics hub in Sweden

Fabricating & Metal Work

With the facility, ABB will expand production capacity by 50 percent and strengthen its capabilities to supply the European market, which is expected to grow at seven percent CAGR through 2027 1. Source: Interact Analysis www.abb.com go.abb/robotics Subscribe to learn the latest in manufacturing.