Home » Archives
Tax and Duty Exemptions Eyed to Lower Prices of Hybrid Cars
Published on 4 Apr, 2011 at 21:25 in Philippine Auto News | | No Comments
In an effort to encourage the entry of new generation, environment-friendly vehicles, a proposed measure provides for tax and duty-free importation and assembly of vehicles that run on alternative fuels.
But the Board of Investments (BOI) wants to clip the duration of the privileges and cap the volume to promote local assembly of these vehicles.
In a position paper on…
Toyota Philippines to Launch Prius at P2.25M
Published on 11 Jun, 2009 at 15:49 in Philippine Auto News, Traffic, Fuel, Infrastructure | | 10 Comments
Toyota Motors Philippines is finally launching its hot-selling Prius hybrid in the Philippines next week, but the ecologically-correct car could carry a price tag of around P2.25 million.
“Toyota wants to be the first to locally introduce hybrid, environment-friendly cars as alternative vehicles,” said Raymond Rodriguez, Toyota Motor’s first vice president for vehicle sales.
The third-generation,…
