World’s largest automaker calls on India to change hybrid-car policy ...News

Toyota wants taxes on the vehicles to be slashed by as much as 21%, according to Reuters Toyota Motor Corporation has been lobbying the Indian government to reduce taxes on hybrid vehicles by as much as one-fifth, arguing that hybrids pollute far less than petrol cars, Reuters reported on Monday, citing a company letter. According to the report, New Delhi taxes electric vehicles (EVs) at just 5%, while the levy on hybrids is as high as 43%, just below the 48% applied on petrol cars. Toyota reportedly argued the five-percentage-point differential favoring hybrids over petrol cars is “insufficient,” taking into acco

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