Toyota Urges Cambodia to Reduce Tariffs on Imported Hybrid Cars

Toyota has urged the Cambodian government to reduce tariffs on imported hybrid vehicles to help Cambodia achieve its carbon neutrality target by 2050, according to a meeting between the Minister of Public Works and Transport HE Sun Chanthol and the representative of Toyota on 11 October.

Mr Ryoji Fujita, CEO of Toyota (Cambodia), said his proposal aims at encouraging Cambodians to use more hybrid vehicles to reduce fuel consumption, reduce emissions and contribute to the environment.

“This will help Cambodia achieve the goal of carbon neutrality by 2050,” he added.

In response, HE Sun Chanthol said he will discuss this matter with the Ministry of Economy and Finance.

He said that the effort to promote the use of electric vehicles throughout Cambodia also contributes to reducing pollution.

Toyota (Cambodia) has been the exclusive importer and distributor of all Toyota vehicles, spare parts, and services in Cambodia since 1993. The company recently received approval from the CDC to set up a Toyota assembly plant. (Read more)

- Video Advertisement -

Related Post

Cambodia’s Small and Medium Enterprises Flourish in 2024

In a promising development for Cambodia’s economy, the Ministry of Industry, Science, Technology, and Innovation has reported significant growth in the country’s small and medium enterprises (SMEs) within the industrial sector. As of 2024, nearly 1,300 SMEs have registered, indicating a robust entrepreneurial spirit within the nation. According to the recent report on the ministry’s […]

Nippon Koei and Inoue Calcium Target Cambodian Cashew Processing Industry

Two foreign companies, Nippon Koei Business Partners Co., Ltd. and Inoue Calcium Corporation, are set to make significant investments in Cambodia’s growing cashew processing sector. They aim to enhance the quality of cashew nuts for export, particularly to Japan. On January 30, 2025, two important meetings took place that could impact the future of Cambodia’s […]

Cambodia’s Real Estate Market Faces Mixed Signals Amid Regional Benchmarks

Cambodia’s commercial real estate market reveals significant challenges with office occupancy rates at 65.1%, well below the international benchmark of 85-90%, while maintaining premium rents at $27 per square meter, according to the “Fearless Forecast” report presented by CBRE Cambodia Chairman Marc Townsend at Novotel Phnom Penh BKK1 on 14 January 2025. The retail sector […]

Cambodia to Establish Private Business Centers in the UK and India to Attract Investors

Cambodia is set to establish private trade centers in London and New Delhi to promote Cambodian products in international markets and draw foreign investors. This initiative was discussed during a meeting on January 20, 2025, between Lok Chumteav Chamnimol, the Minister of Commerce, Tycoon Lim Bunsour, CEO of AZ Group, and Mr. Jas Sohl, Director […]

Cambodia Poised for Economic Windfall as U.S. Trade Policy Shifts from Vietnam

Cambodia stands to emerge as a major beneficiary of potential U.S. trade policy shifts, with experts predicting significant manufacturing opportunities if Donald Trump returns to office, particularly as Vietnam faces possible trade tariffs similar to those previously imposed on China, according to 2025 Fearless Forecast shared at a Real Estate Forum in Novotel Phnom Penh […]

Sweden’s Largest Factory Unveiled in Phnom Penh: A New Era for Cambodia’s Economy

In a landmark event on January 17, 2025, Sweden’s prestigious glove manufacturer, HESTRA (Cambodia) Co., Ltd., officially opened the doors to its state-of-the-art factory located in the Royal Phnom Penh Special Economic Zone. The inauguration ceremony was graced by notable figures, including HE Chea Vuthy, Secretary-General of the Investment Committee of Cambodia, and Ms. Anna […]