Tax incentives for e-motorcycles to boost shift to EVs

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MANILA, Philippines: Granting tax incentives to e-motorcycles would result in the reduction of carbon emissions, the Department of Energy (DoE) said on Monday.

MANILA, Philippines: Granting tax incentives to e-motorcycles would result in the reduction of carbon emissions, the Department of Energy said on Monday.DoE science research specialist Andre Reyes said that e-motorcycles are crucial in assisting the country's shift to electric vehicles, since transportation continues to be a major source of carbon emissions.Reyes was referring to the need to expand Executive Order No. 12 series of 2023, which grants tax breaks to several types of EVs.

The energy department wants to increase the country's EV fleet by 50%, or an additional 2.4 million units.The Statista Research Department said that motorcycles accounted for 7.81 million registered vehicles in the country in 2022, making them the most popular vehicles.The transportation sector alone was responsible for emitting 35.42 million tons of carbon dioxide in 2022, which contributed to climate change, data from Statista showed.

 

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