At a press conference for the 1st ASEAN Electric and Hybrid Vehicles Summit at the World Trade Center Thursday, Rommel Juan – EVAP President stated that a legislation providing tax incentives to the industry would attract more electric and hybrid vehicle manufactures here and encourage the use of these environmentally-friendly vehicles in the Philippines.
EVAP is pushing for legislation to support and spark the development of electric and hybrid vehicles in our country
Juan further stated that aside from producing, building infrastructures supporting electric and hybrid vehicles like charging station should be encouraged by the government. For instance, the Board of Investments will provide six-year fiscal incentive and duty-free importation of capital equipment for manufacturing of these eco-friendly vehicles.
Department of Trade and Industry Assistant Secretary Rafaelita Aldaba as quoted as saying: “If we don’t provide incentives (for the electric and hybrid vehicle industry), it’s not going to take off.”
Alaba told reporters that the first package of the comprehensive tax reform is expected to promote the use of electric and hybrid vehicles as it exempts these environmentally-friendly vehicles from excise tax.