The Philippines’ leading think tank believes it is time to bring the “green” to Philippine roads by expanding current tax breaks to include two-wheeled electric vehicles .
Experts foresee a growth surge in the electric vehicle industry if the EO is expanded as many sectors are clamoring for. The country’s EV fleet is seen to rise especially since e-motorcycles generated over P3 billion in import tax without the incentives. “Imagine how much faster it could grow if the tariffs were done away with altogether. This will quicken the shift to e-motorcycles that will result in substantial reductions in harmful emissions from conventional combustion engines and at the same time reduce consumer dependence from expensive gasoline,” he added.
A published report of the Center for Research on Energy and Clean Air and the Institute for Climate and Sustainable Cities revealed that air pollution causes 66,000 deaths and P4.5 trillion in economic losses every year.