Toyota plans to launch more HEV models in Philippines
Reported on May 27, 2024, Toyota Motor Philippines Corp. (TMP) revealed its plan to launch more HEV models as it welcomes the government’s Executive Order (EO) 12 which has been expanded to cover HEVs, allowing them to enjoy tariff break.
TMP added that HEV is not an alternative to BEV, but it is a step towards BEV.