Tariff Commission backs inclusion of e-motorcycle on import tax breaks

  • 📰 gmanews
  • ⏱ Reading Time:
  • 24 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 68%

E-Motorcycles News

E-Vehicles,Tariff Commission,Traffic

The Tariff Commission (TC) has recommended including e-motorcycles in its list of electric vehicles (EVs) eligible for import tax breaks.

The Tariff Commission has recommended including e-motorcycles in its list of electric vehicles eligible for import tax breaks.According to its website, the commission submitted a report of its review of Executive Order 12 to the National Economic and Development Authority on April 15, suggesting the reduced rates.

The EO 12 was enacted to complement the Electric Vehicle Industry Development Act to create an industry for EVs in the country and help reduce carbon emissions, in compliance with the Philippines' commitment to the Paris Agreement. It modifies the tariff rates for EVs to help mainstream their use among Filipinos.Currently, e-motorcycles or two-wheeled electric vehicles with maximum speed of over 25 kilometers per hour are still subject to a 30% tariff rate.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in ENERGY

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Honda previews three new stylish EVsHonda will be at Auto China 2024 in Beijing with a trio of electric vehicles
Source: autoindustriya - 🏆 15. / 63 Read more »