According to CoinMeta, and as reported by the Financial Times, the European Union and the UK are planning to postpone the imposition of a 10% tariff on electric vehicles, which is undoubtedly a major boon for the European automotive industry. Previously, car manufacturers warned that if these tariffs were implemented, it would put them at a more disadvantageous position when facing other major competitors. Sources familiar with the matter revealed that Brussels is seeking industry feedback on the proposal to postpone the 10% tariff, which was originally scheduled to take effect on January 1st for most vehicles. These sources also stated that the UK supports this measure as well. The Association of European Automobile Manufacturers (ACEA) previously indicated that it is expected that by 2027, approximately 82% of electric passenger cars and vans will be subject to the tariff.