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EU Parliament approves cryptocurrency rules in ‘world-first’

E&T

The EU Parliament has approved what has been described as the "world's most sweeping cryptocurrency rules", also known as the Markets in Crypto Act (MiCA). ✅ I welcome the European Parliament’s vote today to approve comprehensive EU rules on crypto: a world first. This regulation brings a competitive advantage for the EU.

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What you need to know about new motor efficiency standards

Design World

and EU are implementing new minimum efficiency performance standards (MEPS) for electric motors—here’s the lowdown on the standards and how next-generation motor CAD can power compliance. Brian Casey CEO ECM PCB Stator Technology Global electronics manufacturers face an ever-present challenge.

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Britain’s carmakers deliver best September since 2020 but action needed to protect EV exports

SMMT

exports uplift – with almost six in 10 going to the EU – while deliveries for the UK market surge by 65.9%. Electrified vehicle output rises by 41.5%, but urgent action needed to ensure UK and EU trade remains competitive from 2024. UK car manufacturing grew 39.8% Rise in production driven by 32.2% UK car manufacturing rose by 39.8%

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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 Society of Motor Manufacturers and Traders (SMMT) said extending the rules for three years would avoid a tariff cliff-edge in just 26 days’ time, allowing the UK and EU automotive industries to continue to sell EVs into each other’s markets without penalty. We urge every party to get behind it.

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Agreement with Europe needed to avoid £3,400 electric vehicle tax hike

SMMT

New figures reveal tariff threat to EU-made battery electric vehicles could result in a £3,400 average price hike if unworkable rules of origin are implemented in January. Auto sector calls on EU and UK to delay introduction of new rules of origin requirements to 2027 or put competitiveness, the EV transition and net zero ambitions at risk.

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UK car production off to a fast start in January

SMMT

The EU was the largest global market for British-built cars, taking more than half (53.2%) of exports, followed by the US (15.0%), China (10.5%), Japan (2.8%) and Australia (2.3%). Shipments to the EU, US and China all rose, by 5.0%, 81.1% respectively. to 29,590 units to account for 35.7% of overall output.

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EU countries urge bloc to set end date for new CO2-emitting trucks

E&T

Next month's EU proposal should set a 100 per cent zero-emissions target for heavy duty vehicles, the four countries said. They did not specify a target date, but said it must comply with the EU's goal to have zero net greenhouse gas emissions across its economy by 2050.

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