Toyota May Lead Transition Finance in Japan’s Auto Industry
- Toyota, Mazda expect faster financing decisions due to roadmap
- Automobile industry accounts for 16% of Japan’s CO2 emissions
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Toyota Motor Corp. is willing to use transition financing for hybrid vehicles, which may lay the groundwork for more such automakers to follow as the government pushes to boost investment in greener technology.
The car company is considering transition bonds or loans to finance loan and lease receivables for hybrid vehicle sales, the company said in a written response to questions from Bloomberg. The company said that the initiative is in line with the government-approved roadmap for the auto industry, making transition financing easier for the firm to consider as a tool.