Tax and Duty Exemptions Eyed to Lower Prices of Hybrid Cars

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…

DTI Lauds Toyota Philippines Action on Prius model

The Department of Trade and Industry (DTI) lauded Toyota Motor Philippines (TMP) for implementing a recall on the Prius. Toyota implemented a recall on the hybrid car due to faulty brakes.

“We are pleased that TMP has taken the initiative of contacting their customers and perform the required repair at no cost to customers,” Trade…

Prius in RP: Going Green Comes with a Price

The Prius, the world’s best-selling hybrid car, finally goes on sale in the country today at major Toyota dealers nationwide.

The 1.8-liter third generation gasoline-electric hybrid can get up to 38 kilometers per liter and significantly cuts down on carbon emissions, meeting the strictest emission-reduction standards worldwide.

But going green in the…

Toyota Philippines to Launch Prius at P2.25M

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,…

Toyota Philippines to Market Prius This Year

Toyota Motor Philippines Corp. (TMPC) said there would be no additional expansions this year instead the country’s biggest car company will be launching its eco-friendly Prius model, work on some initiatives to stop other car companies from further eating into its market share and new financing schemes for its volume models.

Saying they are technically ready, TMPC president Hiroshi Ito said…

Author of Hybrid Bill Congressman Singson Test Drives the Toyota Prius

With gas prices hitting the roof, threatening to hit P60 per liter, along with it the skyrocketing prices of basic goods, Congressman Ronald Singson, Ilocos Sur’s first district representative, formulates a bill aiming to lessen the sting of escalating gas prices.

House Bill No. 2084 seeks to grant tax incentives…