President Ferdinand "Bongbong" Marcos Jr. has indicated that the government will provide incentives to draw in investors in the Philippines' e-mobility industry.Marcos made the remark as he met with officials of the Department of Science and Technology and concerned agencies in Malacañang. The discussions were on the government’s efforts to sustain and improve the country's e-mobility industry through science, technology, and innovation.
"We need incentives for investors to come in. Hopefully local. But we’ll take anybody who’s interested," he added. "But then they will have to undertake the production design to scale it up to a level to actually make a difference to the market,” Marcos said.For his part, DOST Secretary Renato Solidum Jr. said potential investors had been waiting for a policy statement from the Philippine government.