Inclusion of 2-wheeled EVs in 0% tariff rate urged

According to Philippine Business for Environmental Stewardship Secretary General Felix Jose Vitangcol, there seems to be a problem in the EO since only a limited portion of the population can afford to buy four-wheeled vehicles.

Under the EO, EVs such as kick scooters, pocket motorcycles, and self-balancing cycles are included in the tax breaks. On the other hand, two-wheeled electric motorcycles are still subject to a 30 percent import duty. “It is also they who are already perennially burdened by the soaring prices of basic goods and hampered by their limited income to provide for their families,” he added.

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Review order that amends tariff rates for EVs - groupA Palace directive released in January that amends the tax incentives for electric vehicles (EVs) 'lacks inclusivity' and should therefore be reviewed, an environmental business group said.
Source: TheManilaTimes - 🏆 2. / 92 Read more »