Philippines reviews EV import duty suspension under EO 12 to support transition to electric transportation by 2040.
The Philippines is reviewing Executive Order No. 12, which suspends import duties on certain electric vehicles (EVs) for five years. The National Economic and Development Authority (NEDA) will hold public hearings to gather stakeholder input on potential amendments. The review aims to support the government's goal of transitioning to a fully electric transportation system by 2040, as outlined by the Department of Trade and Industry. However, the DTI has stated it does not support covering hybrid electric vehicles under the measure, as hybrids do not require charging infrastructure and do not align with the Philippines' competitive advantage in EVs.
March 10, 2024
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