By next year, Toyota Indus Motor Company (IMC) plans to upgrade its assembly factory to produce hybrid electric vehicles (HEVs) locally. When asked about the timing for the introduction of HEVs, Toyota IMC CEO Ali Asghar Jamali claimed that the locally produced Toyota Corolla Cross will be available in 2023.
He claimed that the company plans to debut its hybrid crossover SUV between Rs. 5 and Rs. 7 million. Given the current economic climate and the government’s plans to raise car taxes, Toyota IMC will unveil its ultimate price next year.
Jamali also shared the company’s plans for the overall localization of HEVs. He stated that:
Jamali emphasised that HEVs are an interim option before EVs because Pakistan lacks the infrastructure for the latter, and that converting all automobiles to HEVs may lower Pakistan’s oil imports by up to 50%.
Because most of Pakistan’s electricity is generated using fossil fuels, EVs would boost local LNG, coal, and crude oil imports, while investment in upgrading distribution and developing a charging infrastructure will also be necessary, according to Jamali.