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Report

Western automakers continue to anticipate a nuclear deal between Iran and the West that will lift economic sanctions and allow the companies to access what is said to be the world's ripest emerging market.

Report

A change in Iranian trade law could help promote the sale of hybrid and electric vehicles. EVs and hybrids with engines 2.5-liters or smaller are no longer subject to import tariffs, reports the Tehran Times. Iran intends to completely eliminate car import tariffs within two years, according to Iranian Member of Parliament Ali Alilou, who has also urged the government to stop pumping money into the auto industry.