36390
Hybrid Camrys Will Join Tehran Taxi Fleet
Economy, Auto

Hybrid Camrys Will Join Tehran Taxi Fleet

Hybrid cars have gradually become more popular over the past decade globally, but the Iranian market is only beginning to learn of the advantages of the part-battery-part gasoline powertrain.
In an interview with local car news website, Persian Khodro, the general manager of IrToya—Toyota’s local subsidiary, said hybrid cars are to gain a significant share of the car market in the coming years.
Abdolreza Fahimi added that hybrid vehicles may be able to garner at least 45% of the car market share and “this could be easily achieved.”
He added that the general confusion about what defines a hybrid is dissipating and the sales of such cars will likely increase in the coming years.
Fahimi noted that with their new deal with Tehran Municipality to provide hybrid Camrys as part of the capital’s taxi fleet, IrToya expects sales to remain steady.
“Recent qualms about the reliability of the cars stemming from cold days in Canada [reported in the local press] are nothing to worry about, considering Iran does not have the same weather as the northern country,” he said.
The manager added that the sale of hybrids will significantly help reduce air pollution, which blights many Iranian cities, and that they are “35 times less” polluting than gasoline-fueled cars.
Fahimi also said with the continuation of government support for reducing import tariffs, which is currently 4%, on such vehicles, its growth rate will rise further.
The push for “going green” comes from the President Hassan Rouhani administration’s backing for more environmentally friendly forms of transport.
In August last year, the government’s Infrastructure Commission approved guidelines for the production of hybrids and electric vehicles.
“The implementation of the guidelines is waiting the Cabinet’s approval,” the ministry’s director general of the Vehicle Department, Amir Hossein Qanati said.
“Loans will be given to those who plan to buy EVs or hybrids.”
So far, taxi drivers buying Toyotas are the first to be give these loans and as of December 2015, three banks offered the vehicles, including Parsian, Mellat and Tejarat.
Loans worth 200 million rials ($5,400) are offered to cabbies at 16% interest rate (2% above the base rate), to be paid back in 48 months, to help taxi drivers upgrade their old, polluting vehicles.
The price of the Toyota taxis is priced at 1.5 billion rials (under $30,000 at market exchange rate).
One taxi driver told Financial Tribune about the purchase of his new car, “I know it’s expensive but the quality of the car will see it in service long enough to pay the vehicle off.”

 

Short URL : http://goo.gl/tssr1K
  1. http://goo.gl/U0Ut3X
  • http://goo.gl/OEyToD
  • http://goo.gl/ElBa5G
  • http://goo.gl/dpFKxV
  • http://goo.gl/05F7vO

You can also read ...

Massoud Karbasian (1R), sitting across his Indonesian counterpart Sri Mulyani Indrawati in Washington, DC.  
Iranian Minister of Economic Affairs and Finance Masoud...
The first train to connect China and Iran arrived in Tehran in February 2016 loaded with Chinese goods, reviving the ancient Silk Road.
China is calling on the United States to preserve the Iran...
TCCIM Director Masoud Khansari (C) made the keynote speech at the latest gathering of the influential business body on Oct. 17. (Photo: Saeed Ameri)
Tehran Chamber of Commerce, Industries, Mines and Agriculture...
$7.5b in Loans to for Industries
The Iranian government is extending financial support to...
NSFund Helping Knowledge-Based Firms Growth, Export Agenda
Government-backed Innovation and Prosperity Fund (NSFund) has...
All devices that support Wi-Fi are most likely affected and users may want to be wary of using Wi-Fi at all until patches are widely rolled out
One more vulnerability that is now affecting practically...
Taxman's H1 Income Hits $12b
The Iranian National Tax Administration has collected 480...
Miyaneh Steel Complex’s DRI plant was the second producer to utilize PERED, which came on stream on Oct. 15.
Iran has long relied on its cheap energy costs and abundance...

Trending

Googleplus