The Department of Trade and Industry said that e-motorcycles may probably get their much-awaited tax break as the executive issuance that gives incentives to Electric Vehicles is up for review nine months from now.
Under the EO, different types of EVs and their components have received tax breaks, with the exclusion of e-motorcycles which are still subject to a 30 percent tariff rate. “DTI believes that this measure will help develop the local EV market and encourage consumers to consider shifting to EVs for a cleaner and greener transportation option,” DTI Secretary Alfredo Pascual said in a statement.
Several stakeholders of the EV industry aired their concerns when e-motorcycles were not given tax breaks and called on the concerned government agencies to amend the executive issuance.
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