TOKYO -Toyota Motor Corp president Akio Toyoda on Wednesday raised the issue of tax breaks in a meeting with Japanese Prime Minister Fumio Kishida on support for the mobility industry as a pillar of the economy as Japan seeks to cut carbon emissions.
A key challenge facing Toyota and its major Japanese peers, Nissan Motor Co and Honda Motor Co, is catching up with rivals like Tesla Inc who have forged ahead in fully electric vehicles . Toyoda said he brought up a tax concession at the meeting with the prime minister, who showed a willingness to keep a discussion going on support, according to the Toyota executive.
Toyota, broadly seen as a bellwether for Japan Inc and once a darling of environmentalists for its hybrid gasoline-electric Prius model, is facing particularly heavy scrutiny from green investors and activists over its stance on EV.
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