Toyota calls for hybrid incentives in Vietnam s green vehicle policy
Toyota is pushing to deepen hybrid manufacturing in Vietnam intensifying competition among carmakers as the race shifts from imported models to local production and supply chain control
Toyota Vietnam’s general director, Hirata Osamu, has called for hybrid electric vehicles (HEVs) to be recognized alongside battery electric vehicles (BEVs) in Vietnam’s low-emission zones. Hirata proposed that the special consumption tax (SCT) regime be shifted from one based on engine capacity to one based on CO2 emissions, arguing that HEVs can significantly reduce fuel consumption and CO2 emissions without requiring charging infrastructure or altering motorists' habits.
The prime minister has asked the Ministry of Finance to study the issue and report to the government in October. This policy push comes as Toyota is significantly increasing its investment in local production, with the company receiving an amended investment policy decision and a 12th revised investment registration certificate for its manufacturing project in Phu Tho province.
Hirata emphasized that preparing the infrastructure for domestic assembly could give Toyota greater control over supply and costs while creating room to develop a local component ecosystem.
Brief written by urgent.news from Vietnam Investment Review's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
