FOREIGN business groups in the country made a pitch for hybrid cars to be included in the government’s planned zero duty on the importation of electric vehicles .
Ebb Hinchliffe, AmCham Executive Director, said the business group fully supports the statement that ECCP issued last week on the planned executive order on EV importation. “We are prodding the government. We have earlier this week had a meeting with the Department of Trade and Industry [DTI] and we expect this month, this December before Christmas, that the government…the President will pass and sign the amendments to ensure five years of import duty-free, zero import duty on EVs five years,” Wittig said.
“I think some other countries, before they start, they even have a government subsidy to lower the cost of the price but for the Philippines, even just removing tariffs, that will greatly benefit not only the environment but [prepare] for the next stage of the automotive industry,” the Korean Chamber official noted.
“The EO will temporarily reduce the most-favored nation [MFN] tariff rates to zero percent for five years and completely built-up or CBU units of certain EVs, except for hybrid-type EVs,” Balisacan said.The zero-tariff policy will cover EVs such as passenger cars, buses, mini buses, vans, trucks, motorcycles, tricycles, scooters and bicycles among others.
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