Toyota lobbies India to cut hybrid vehicle taxes: letterReuters, NEW DELHIJapan’s Toyota Motor Corp is lobbying the Indian government to cut taxes on hybrid vehicles by as much as one-fifth, saying they are far less polluting than gasoline-only cars, but do not get commensurate policy treatment, a company letter shows. India taxes EVs at just 5 percent, while the levy on hybrids is as high as 43 percent, just below the 48 percent imposed on gasoline-only cars. Models pose at the unveiling of Toyota’s new hybrid Urban Cruiser Hyryder in New Delhi on July 1 last year. Toyota has begun developing EVs while also championing hydrogen-powered vehiclefs, saying a “multi-pathway” approach is needed to solve the climate crisis. In its letter, Toyota also asks India to bring hybrid vehicles under a government incentive program that offers discounts to buyers, a scheme now available only for EVs.

Source: Taipei Times October 24, 2023 00:29 UTC