Toyota to introduce electric car to US by 2012

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Tokyo to exempt tax for next-generation green cars
Tokyo's local government, seeking to fight global warming, said Thursday it planned to exempt taxes on next-generation green vehicles such as electric cars and plug-in hybrids once they hit the market. Japanese automakers are aiming to put out electric cars -- which emit no carbon blamed for global warming -- as early as this year despite the global slowdown that has battered the auto industry. Some automakers are also working on plug-in hybrid cars powered by petrol and electricity and are rechargeable at a power outlet at home, letting motorists drive longer distances. The Tokyo metropolitan government plans to exempt taxes on purchases and maintenance of the super-low emission cars from the next fiscal year starting in April, local official Motofumi Kojima said. The plan by Tokyo -- which is the world's largest city when including the metropolitan area -- comes as Japan struggles to meet its commitments to cut emissions under the Kyoto Protocol. "We plan to submit a budget plan for tax exemption worth a total of about 160 million yen (1.72 billion dollars), which is equivalent to tax exemption for 300 next-generation vehicles," Kojima said. The plan still needs approval by the metropolitan assembly, which convenes next month, he said. The central government is also looking into cutting taxes on next-generation green cars. It already exempts tax on the current generation of hybrid cars, which have become major hits overseas for Japanese automakers.

by Staff Writers
Detroit, Michigan (AFP) Jan 10, 2009
Toyota Motor said Saturday it plans to launch an electric car in the United States by 2012 and boost its gas-electric hybrid offerings to as many as ten models in the early years of the next decade.

Toyota said the announcement signals its intention to "broaden the scope of its advanced alternative-fuel vehicle development."

The Japanese automaker will show the prototype of its electric car, the FT-EV, at the Detroit auto show which opens Sunday with press previews.

The two-seater hatchback shares its platform with Toyota's tiny iQ, a gasoline-powered four-seater which was recently launched in Japan.

"Last summer's four-dollar-a-gallon gasoline was no anomaly. It was a brief glimpse of our future," said Irv Miller, vice president of environmental and public affairs for Toyota Motor Sales USA.

"We must address the inevitability of peak oil by developing vehicles powered by alternatives to liquid-oil fuel, as well as new concepts, like the iQ, that are lighter in weight and smaller in size," Miller said in a statement.

"This kind of vehicle, electrified or not, is where our industry must focus its creativity."

While electric and small commuter vehicles will be a "key component of Toyota's sustainable mobility strategy," the automaker said that the conventional gas-electric hybrid is "considered Toyota's long-term core powertrain technology."

Toyota announced plans last year to sell a million hybrids a year by sometime in the early 2010s.

A third-generation Prius and the all new Lexus HS250h, which will debut at the Detroit auto show, are the first two of as many as 10 new hybrid models Toyota plans to launch in that time frame.

The automaker also announced plans to speed up the delivery of plug-in hybrid vehicles by delivering 500 test vehicles to lease-fleet customers around the world in late 2009 rather than in 2010.

"Future customers will have high expectations for these emerging technologies," Miller said. "This Prius PHV fleet program is a key first step in confirming how and when we might bring large numbers of plug-in hybrids to global markets."

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China's Foton to form 930-mln-dlr truck partnership with Daimler

Beijing (AFP) Jan 7, 2009
Chinese auto maker Beiqi Foton said Wednesday it will set up a truck-manufacturing joint venture with German auto giant Daimler AG with a total investment of 6.35 billion yuan (930 million dollars).

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