Metro Manila (CNN Philippines, January 19) — President Ferdinand Marcos Jr. has approved the reduction of tariffs on electric vehicles (EVs) and spare parts to 0% for a period of five years to encourage motorists to shift to more eco-friendly transportation.
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“Temporarily modifying the rates of import duty on electric vehicles, and their parts and components, will help boost the electric vehicle market in the country, support the transition to emerging technologies, and encourage consumers to consider electric vehicles as a cleaner and greener transportation option,” read Executive Order No. 12, which was signed by the president on Jan. 13, according to the Presidential Communications Office.
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The EO noted that the transportation sector is one of the largest sources of air pollution and energy-related greenhouse gas emissions in the country at 34% — with road transportation accounting for 80% of emissions.
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The order covers completely built-up units such as passenger cars, buses, mini-buses, vans, trucks, motorcycles, tricycles, scooters, and bicycles. However, hybrid-type EVs are not included.
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