The Department of Trade and Industry (DTI) is aiming for zero-tariff policy on imported electric vehicles (EV).
Under its proposal, the DTI wants the elimination of the 30-percent tariff rate to encourage more consumers to use battery electric vehicles as their preferred mode of transportation over vehicles powered by fuel products.
The Philippines is invested in the use of electric vehicles. Last month, President Rodrigo Duterte allowed RA 11697 or the Electric Vehicle Act to lapse into law. It is a measure that regulates the EV industry in the country, including the development, commercialization, and utilization of EVs. It also aims to reduce dependence on fossil fuels.
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The zero-tariff proposal is awaiting approval from Tariff Commission, after which President Duterte need only sign an executive order to make it official.
Presently, the 30-percent import duty applies to electric vehicles from most favored nations. EVs imported from ASEAN countries already have zero tariff rate.