Malaysian Demand for Hybrid-electric Cars Increasing

Spike in demand for hybrids fuelled primarily by the Government's decision to grant full excise duty exemptions on hybrid cars below 2,000cc.

Published: 30-Dec-2010

PETALING JAYA: Honda Malaysia Sdn Bhd and UMW Toyota Motor Sdn Bhd have already recorded combined bookings of nearly 1,500 units for their Honda Insight and Toyota Prius hybrid models respectively in the span of less than three months.

The bookings, if they were to materialise into sales, would represent a significant jump compared with just the 297 total hybrid units sold in the whole of 2009.

The spike in demand for hybrids has been fuelled primarily by the Government's decision under Budget 2011 to grant full excise duty exemptions on hybrid cars below 2,000cc until Dec 31, 2011.

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