I'm concerned, but I'm not sure it's quite time to panic just yet. The end of SVA had people worried that non-type approved vehicles would come to an end, but the IVA seems a reasonable replacement - whilst it's more demanding in some aspects, it's not unreasonable. The biggest problem is making voices heard, as a small group of people from one of what, 27? nations probably isn't going to do much to sway EU bureaucrats.
The bigger problem is inherent in the EU - ideas that aren't bad in themselves (harmonising standards so, for example, companies only need to build to one specification) but which almost inevitably lead to lots of people inconvenienced by 'progress' (a driving example - until '97 you were automatically given several more categories of licence when you passed your driving test, but now you need to take an additional bunch of tests). Not to mention that bureaucrats want to legislate for everything.