Deadly Collision Claims 67 Lives in U.S. Air Disaster | At Least 30 Dead and Many Injured in Stampede at Maha Kumbh Mela in India | Chinese President Xi Jinping Affirms Cambodia's Role as a Key Partner in China’s Diplomatic Strategy | Xi Jinping Concludes State Visit to Cambodia, Strengthening Bilateral Ties | Chinese President Xi Jinping Concludes Successful State Visit to Cambodia | Chinese Ambassador: US-China Trade Tensions Harm Developing Nations; President Xi Urges Investment in Cambodia and Expanded Market Access | Japanese Maritime Self-Defense Force Ships Bungo and Etazima Dock at Ream Sea Base for Four-Day Visit | Prime Minister Hun Manet Expresses Displeasure Over Criticism of Chinese Investments During Kampot International Tourist Port Inauguration | Asian Development Bank Collaborates with Cambodia on New Development Projects Worth Over $1 Billion |
Deadly Collision Claims 67 Lives in U.S. Air Disaster | At Least 30 Dead and Many Injured in Stampede at Maha Kumbh Mela in India | Chinese President Xi Jinping Affirms Cambodia's Role as a Key Partner in China’s Diplomatic Strategy | Xi Jinping Concludes State Visit to Cambodia, Strengthening Bilateral Ties | Chinese President Xi Jinping Concludes Successful State Visit to Cambodia | Chinese Ambassador: US-China Trade Tensions Harm Developing Nations; President Xi Urges Investment in Cambodia and Expanded Market Access | Japanese Maritime Self-Defense Force Ships Bungo and Etazima Dock at Ream Sea Base for Four-Day Visit | Prime Minister Hun Manet Expresses Displeasure Over Criticism of Chinese Investments During Kampot International Tourist Port Inauguration | Asian Development Bank Collaborates with Cambodia on New Development Projects Worth Over $1 Billion |

Toyota Asks Cambodia to Examine Possibility of Tax Reduction for Hybrid Imports

  • Posted Oct 12, 2022 13:35 by Phon Sotthyroth
  • 2695
  Aa |   aA

PHNOM PENH: The Representatives of Toyota (Cambodia) have requested the Minister of Public Works and Transport (MPWT) to examine the possibility of cooperating with the Ministry of Economy and Finance to reduce import duties on hybrid cars, which will help reduce fuel consumption and emissions, as well as work towards achieving the goal of carbon neutrality by 2050.

At a meeting on Tuesday, 11 October, at the MPWT office, the CEO of Toyota (Cambodia), Ryoji Fujita, requested the Ministry to examine the possibility of cooperating with the Ministry of Economy and Finance to reduce import duties on hybrid cars. He said that the purpose of this proposal is to encourage Cambodians to switch to driving hybrid vehicles to reduce fuel consumption and emissions, which will contribute to helping Cambodia achieve its goal of carbon neutrality by 2050.

In response, the Minister of Public Works and Transport, Senior Minister Sun Chanthol, said that support in easing import duties, especially in the case of the hybrid cars mentioned by Toyota, is possible only if the Ministry requests to discuss this matter with the Ministry of Economy and Finance first.

However, Senior Minister Sun Chanthol welcomed and thanked Toyota for setting up a car assembly plant in Cambodia and contributing to the creation of jobs to reduce poverty and also promoting the automotive sector in Cambodia to a higher level.

The Senior Minister also highlighted the efforts made to promote the widespread use of electric vehicles in Cambodia to reduce environmental pollution. These efforts include the installation of electric vehicle charging stations across the capital and the increased encouragement to the general public to switch to using electric vehicles, while seeking cooperation with private companies to promote the installation of more charging stations across the country.

Toyota (Cambodia) is the exclusive importer and distributor of all Toyota vehicles, spare parts, and services in the Kingdom of Cambodia. Since entering into operation in Cambodia in 1993, the company has opened five branches across the country and continues to constantly improve and provide quality products and services to customers.


Related News