Envi-business org demands review of tax breaks for EVs | BMPlus

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Philippine Business for Environmental Stewardship Secretary General Felix Jose Vitangcol urged the government to amend the tax incentives for electric vehicles as it ‘lacks inclusivity.’ Know more:

Philippine Business for Environmental Stewardship Secretary General Felix Jose Vitangcol urged the government to amend the tax incentives for electric vehicles as it ‘lacks inclusivity.’

Under the EO, EVs such as kick scooters, pocket motorcycles, and self-balancing cycles are included in the tax breaks. Two-wheeled electric motorcycles, on the other hand, are still subject to 30 percent import duty. The organization reiterates that the majority of the motorists in the country are using two or three-wheeled vehicles including public utility jeepneys.

PBEST asserts that more Filipinos should be encouraged to shift to alternative energy regardless of their socio-economic status and the types of their vehicles. According to the Statista Research Department, the power production in the Philippines is still dominated by coal at 47.6 percent, followed by other fossils at 18 percent, and gas at 10.7 percent, which totals 76.3 percent.

 

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