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Transcripts for BBCNEWS Newsnight 20240604 22:00:00

or more of two targets. having more than 45% of any vehicle by value or 60% of their battery made from parts outside those two areas. is there a brexit effect? yes and no. rules were drawn up in brussels to encourage european technology. so both city and uk manufacturers could be hit. both eu. the rules don t apply to sales in the eu. had the uk remained in the eu, car sales in the channel would have remained unaffected. in channelwould have remained unaffected- channelwould have remained unaffected. , ., unaffected. in here, there is no enaine. unaffected. in here, there is no engine- the unaffected. in here, there is no engine. the head unaffected. in here, there is no engine. the head of unaffected. in here, there is no engine. the head of a - unaffected. in here, there is no engine. the head of a mighty i unaffected. in here, there is no. engine. the head of a mighty car riant engine. the head of a mighty car giant showing engine. the head of a mighty car giant showing

Transcripts for BBCNEWS Newsnight 20240604 22:01:00

that we re trying to promote and government is trying to promote to help decarbonise our economy will be taxed and the traditional technology won t be taxed. and that s clearly not what was intended when this rules of origin regulation was put in place. so in a sense, look, what you re saying is, look, we re just not ready yet. of course, we would like to have this capability in the uk, in the eu. but europe s not ready. we are still reliant on china, still reliant on south korea. it s just a timing thing. you know, the intention is certainly there. the industry will want to support this. you know, we don t want to be reliant on lengthy supply chains. you know, we ve all learned from the sort of post covid supply chain difficulties that we want to bring supply chains closer to our production facilities and closer to our market. so i m certain that industry will want to do this. we re just saying we can t be ready by the end of this year. and the timing that we re sort of suggesting is,

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