Toyota is already setting new standards in Paksitan’s automotive industry. The company officials stated that they’ve made a $100 million investment and they’re all set to launch their electric vehicles by the end of December.
Indus Motor Company has been a very successful company in Pakistan. However, over the last few years, with several new players jumping in and the plummeting economy, Toyota has not been having such a good time. The company had a loss of several million as their sales declined in this year compared to the last.
Innovative Solution to Reduce Carbon Emissions
They took a new initiative of electric vehicles as they think it is going to be much more beneficial for the company as well as the country. This new initiative is also said to be directly aligned with the Sustainable Development Goals of the UN. This way Toyota won’t just benefit from the relieved import costs but they’re also going to be reducing their carbon emission in the country.
Carbon footprint has been quite a problem as the Air Quality Index is already not deemed healthy for Lahore. However, this move from Toyota to move from conventional fuels to electric vehicles has really impressed the general public alongside the automotive industry in Pakistan.
Used imported vehicles
The company official Mr. Jamali also stated that the imports of used cars into the country are not of great benefit as they undermine the progress made by the local manufacturers. Last year alone over 6,500 vehicles had been imported but now as the new year is about to set in, three months are still remaining and 7,500 cars have already been imported.
However, this new step by Toyota might lead others to take this step too as the world is now moving towards EVs. Electric Vehicles are one of the best ways to reduce your carbon footprint.