Toyota Seeks Preferential Treatment for Japanese Vehicles Under EU’s New Automotive Bill
According to a report by Japan's Jiji Press on October 16: On the same day, Toyota Motor Corporation’s European subsidiary issued a statement urging that the proposed EU Industrial Acceleration Act include preferential treatment for vehicles produced in Japan, the United Kingdom, and Turkey.
Toyota operates complete vehicle manufacturing facilities within the EU, including in France and the Czech Republic, as well as plants in the UK and Turkey.
The proposed EU legislation mandates that electric vehicles must be assembled in Europe to qualify for inclusion in EU subsidy programs and public procurement. It also requires a minimum proportion of components to be manufactured within Europe.
Vehicles produced outside the EU, such as those from Japan, would no longer receive preferential treatment under these rules, potentially placing Japanese-made vehicles at a competitive disadvantage.
In a statement, Toyota asserted: “Countries with free trade agreements or customs unions with the EU should be granted preferential treatment.”
The combined automotive market of EU member states and countries with which it has signed free trade agreements is estimated at approximately 31 million units annually. Toyota stated this scale is sufficient to meet the requirements for international competitiveness.
Original article: toutiao.com/article/1879170352526348/
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