Ever wonder how much today's hybrid cars would cost once President Benigno Aquino III signs the Alternative Fuel Vehicles Incentives Act into law?

Reporters asked an executive of a local carmaker to give an estimate as to how extensive the price slash would be, and reporters were told that it could be as much as 30% off the current price.

This means that the most affordable hybrid available right now in the local market, which is the Toyota Prius C at PHP 1.475 million (US$ 36,200), would theoretically only cost PHP 1.033 million once the bill becomes a law. As for the most expensive hybrid available locally, the four-seater Lexus LS600h L, which costs PHP 10.608 million now, could go down to PHP 7.426 million.

Again, these are all estimates based on a figure given to reporters by an executive who works for a company that manufactures hybrids. So, will one consider buying a brand-new hybrid car once the Act becomes a law?