Govt suspension of tariffs seen to boost EV industry | Butch Fernandez

THE early passage of an enabling law mandating short-term tariff suspension on electric vehicles is needed to boost the development of a budding industry, said Senator Sherwin T. Gatchalian.

However, the senator noted that the tariff suspension—set to last for five years—was intended to increase the adoption of EV usage and reduce carbon emissions. “Specifically, only kick scooters, self-balancing cycles, bicycles, and pocket motorcycles with auxiliary motors not exceeding 250 watts and with a maximum speed of 25 kilometers per hour have zero percent import duties while electric motorcycles are still subject to a 30 percent tariff rate,” he added.

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Gatchalian: Tax breaks on e-vehicles to help promote ‘green’ transportation in PHMANILA, Philippines – Senator Sherwin Gatchalian said the newly imposed tax breaks for certain types of electric vehicles (EVs) will help Filipinos adapt to the regular use of EVs that may They'd need to be a hell of a lot more affordable since they will spend at least one third of their lives 'refueling' & at the same time, roughly every 5 years they will have to pay for NEW BATTERIES which by then the cost of, will be sky high. No to mention the short life span.
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