ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Toyota sees hybrids making up half of domestic sales

 (placeholder image)
Toyota will ramp up production of its Prius models.   © Kyodo

NAGOYA -- Toyota Motor will roll out more hybrid vehicles in Japan, wanting them to account for one in two cars sold domestically by next year.

     Japan's biggest automaker is trying to keep pace with criteria for tax breaks for buyers of fuel-efficient, low-emission cars. An estimated 80% or more of cars sold in Japan now qualify for tax savings under the so-called eco-car program. But only about half of new cars are expected to make the grade after stricter standards take effect next month.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more