Toyota Prius hybrid now cheaper by RM35,000

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Toyota Prius hybrid now cheaper by RM35,000

Postby admin » Thu Oct 28, 2010 7:56 am

PETALING JAYA: The price of the Toyota Prius hybrid car has been reduced by RM35,000 to RM139,900.

UMW Toyota Motor Thursday announced the new on-the-road price for the Prius, following a tax incentive for hybrid cars in Budget 2011 from Jan 1 to Dec 31 next year.

The Prius will cost RM141,500 in Sabah and Sarawak due to higher logistic costs, said UMW president Kuah Kock Heng.

Prime Minister Datuk Seri Najib Tun Razak in tabling Budget 2011 on Oct 15, announced that hybrid cars were fully exempted from import duties, with a 50% reduction in excise duty.

"UMW Toyota Motor welcomes the recent national budget announcement by the Government on the extension and enhancement of tax incentives for hybrid cars," Kuah said in a statement.

"With this, Malaysians can enjoy our most popular hybrid car at a more affordable price.

"They can also benefit from the high fuel efficiency and contribute to lowering carbon dioxide emissions," Kuah added.

Read the full article:
http://thestar.com.my/news/story.asp?fi ... sec=nation
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Cut interest on green cars

Postby admin » Fri Oct 29, 2010 2:01 am

PETALING JAYA: While buyers of the Toyota Prius hybrid will be given a discount of RM35,000, financial institutions have been asked to offer lower interest rates for environmentally-friendly vehicles.

“They should lead the way to help consumers buy more “green cars” with competitive loan schemes over those for conventional passenger cars,” said environmental research engineer S. Piarapakaran.

He said banks and financial institutions were crucial in encouraging the growth of environmentally-friendly technology.

Current hire-purchase interest rates at three local banks for non-national cars of 1.8 litre capacities were 2.8% to 3.65% for a five-year loan; 2.8% to 3.9% for six to seven years; and 2.8% to 4% for eight to nine years.

The new on-the-road price of RM139,000 for the Prius takes effect immediately following a tax incentive for hybrid cars from Jan 1 to Dec 31 next year.

UMW president Kuah Kock Heng said the car would cost RM141,500 in Sabah and Sarawak due to logistics,

In 2011 Budget, import duty for hybrid cars are waived and excise duty reduced by 50%.

“Malaysians can now enjoy our most popular hybrid car at a more affordable price.

“They will benefit from the high fuel efficiency and contribute to lowering carbon dioxide emissions,” Kuah said in a statement yesterday.

The Prius is the most popular hybrid car with sales exceeding two million units worldwide.

Meanwhile, WWF-Malaysia executive director Datuk Dr Dionysius Sharma lauded the Government’s move to encourage hybrid cars.

“This is the sort of thing that we have been looking for. Consumers, businesses and the environment will also benefit.”

However, he said lower interest rates for green cars could be counter-productive to efforts to get people to use more public transportation and get private vehicles off the roads.

Read the full article:
http://thestar.com.my/news/story.asp?fi ... sec=nation
admin
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Posts: 3811
Joined: Thu Jan 01, 1970 12:00 am
Location: Kuala Lumpur


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