TOYOTA is preparing a proposal that the Finance Ministry introduce a tax package to promote hybrid vehicles, said Ninnart Chaithira-pinyo, vice chairman of the Japanese automaker’s Thai subsidiary.
Ninnart said the carmaker would ask the government to cut taxes on hybrid vehicles (HVs), which are currently 20-30 per cent more expensive than conventional cars, which would help expand their market size to 100,000 units annually in five years, and reaching economy-of-scale production.