https://www.taxtmi.com/news?id=50472 The agreement provides quota-based, phased tariff reductions on British passenger vehicle CBUs, lowering tariffs to 10% over five years for eligible categories and applying a 50% out-of-quota reduction over ten years. Larger engine-capacity categories obtain greater quotas; the up-to-1,500 cc segment is allotted a 37,000-unit quota with tariffs falling from 66% to 10% by year five. EV, hybrid, and hydrogen vehicles receive no concessions in the first five years, vehicles below a price threshold receive no market access, and ICE entries will be offset by EV concessions from year six to maintain total quota volume through a 15-year concession term. en-us Thu, 24 Jul 2025 21:46:03 +0530 Thu, 24 Jul 2025 21:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=50472 The agreement provides quota-based, phased tariff reductions on British passenger vehicle CBUs, lowering tariffs to 10% over five years for eligible categories and applying a 50% out-of-quota reduction over ten years. Larger engine-capacity categories obtain greater quotas; the up-to-1,500 cc segment is allotted a 37,000-unit quota with tariffs falling from 66% to 10% by year five. EV, hybrid, and hydrogen vehicles receive no concessions in the first five years, vehicles below a price threshold receive no market access, and ICE entries will be offset by EV concessions from year six to maintain total quota volume through a 15-year concession term. News - Thu, 24 Jul 2025 21:46:03 +0530 https://www.taxtmi.com/news?id=50472