Vehicle manufacturers are eager to test so-called hybrid cars in the Philippine market as soon as legislators pass a bill providing tax breaks for makers and importers of environment-friendly vehicles.
Global sales of Toyota Motor Corp.’s hybrid vehicles have exceeded four million units, as management continues to promote the mass-market adoption of these environment-friendly units.
The Philippine market is increasingly embracing hybrid vehicles, but the very high costs of units on sale continue to be an impediment to their widespread adoption, according to Toyota Motor Philippines Corp. TMP president Michinobu Sugata said that, in the two years the Toyota Prius had been in the Philippine market, sales had averaged at [...]
