Home » Toyota PH makes switching to hybrid simple with PSBank tie-up

Toyota PH makes switching to hybrid simple with PSBank tie-up

The movement for sustainability has been tremendously growing as more people become more conscious about their impact on the environment, especially with regard to CO2 emissions. However, while many are convinced about the importance of having more eco-friendlier cars on the road, a common belief is that the shift is often accompanied by hefty costs.

Helping alleviate this concern among drivers is PSBank and Toyota’s Say Hi To Hybrid Auto Loan promo, a partnership that aims to empower motorists to save the environment and a bit of their budget too with one eco-friendly Hybrid Electric Vehicle (HEV) ride at a time.

Towards a new era of sustainable mobility

HEVs are designed to help motorists get more out of their vehicles with fewer emissions – putting together the power of a conventional car engine with the fuel savings and cost-effectiveness of an electric motor. This means that HEVs are more fuel-efficient, include a self-charging battery, and are easier to maintain.

“The combination of a fuel engine and a battery-powered motor allows HEVs to consume less fuel,” says Elvin Luciano, AVP of Marketing Services at Toyota Motor Philippines Corporation. “For example, in a stop-and-go scenario, HEVs may use battery power which means that the car does not unnecessarily burn or use up gas, effectively reducing emissions. This proves especially beneficial under heavy traffic,” he adds.

Mr. Elvin G. Luciano
Assistant Vice President Marketing Division – Vehicle Sales Operations

At the same time, HEVs are also known to be reliable in long-range driving and allow for quiet and pleasurable rides, making it an ideal ride for various scenarios. This addresses a common misconception people have about hybrid vehicles, thinking that they need to be frequently plugged in or charged in order to secure high mileage.

“The truth is, HEVs generate their own electricity while being driven, which then gets stored in the car’s battery. This happens in conjunction with the HEV using its traditional motor, meaning it can be driven as far as the cars that we are typically used to driving,” explains Luciano.

Moreover, HEVs are also as easy to maintain as their traditional vehicle counterparts. “Our dealers and service centers are all trained and capable of keeping HEVs in good running condition,” Luciano also mentions, busting yet another misconception about hybrid vehicles.

With HEVs and conventional vehicles being as similar as they are, hybrid cars are definitely a viable transportation option as the sustainability movement gains more traction and recognition. The two hybrid vehicles that fit the bill of being fuel-efficient, powerful, and smooth are the Toyota Corolla Cross Hybrid and the Toyota Corolla Altis Hybrid.

“The Corolla is a well-loved and iconic brand, enjoyed by generations of drivers from all over the world. The Corolla Altis and Corolla Cross HEV bring the Corolla experience to a new era of sustainable mobility,” states Luciano.

Leading the drive for a better future

Of course, a widespread shift towards the use of hybrid electric vehicles is the only way to move closer to achieving sustainability. “Our HEVs are undoubtedly good for the environment. However, we understand that massive adoption must first happen to better see the positive impact of electrified vehicles,” Luciano admits. “This is why we are excited to be working with PSBank to encourage more motorists to switch to our HEVs.”

Under the Say Hi To Hybrid Auto Loan promo, motorists can take advantage of a free 1-year comprehensive car insurance and lower rates when they avail of either a Toyota Corolla Cross 1.8V Hybrid or Corolla Altis 1.8V Hybrid CVT through the PSBank Auto Loan. The promo runs from June 1 to August 31, 2022.

Toyota and PSBank hope to make hybrid cars more accessible to Filipino motorists through their partnership, especially the young and eco-conscious who are leading the charge towards sustainability. “We are looking at those who aspire for a more sustainable mobility, but want an easy and convenient way to make that shift. We especially would like to appeal to the younger generation of drivers who will be leading the drive for a better future,” Luciano shares.

Those who wish to join in on the sustainability movement and avail of Toyota and PSBank’s Say Hi To Hybrid Auto Loan promo may visit psbank.com.ph or go to their nearest PSBank branch.