Electric Vehicle Bill of the Philippines - EVIDA HB10213

[ice15]

Philippine EV law won't make electric cars cheaper | Autoindustriya

There will be no special changes to existing taxes, tariffs, and duties for imported EVs. That means EVs only benefit from zero excise taxes based on the last tax reform law (TRAIN Law), but will still be subject to the full import duty and VAT. EVs are very expensive to produce given the technology and the prices of batteries, but another factor is the import duty. That's why certain vehicles that don't fit free trade agreements or special rules (e.g. JPEPA) are very expensive in the Philippines.

Insiders have advised us that there was strong opposition over those specific portions of the law from the Department of Finance during the bicameral conference between the House and the Senate.

[dr. d]

Philippine EV law won't make electric cars cheaper | Autoindustriya

everyone wants to have good air,
but it seems,
not everyone is willing to pay for it.
highs.

[111prez]

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