EVAP reiterates stand on ‘liberalized’ IAS amid expected EV industry growth

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The expected proliferation of electric vehicles (EV) would eventually bring the country to be at par with its neighboring countries, according to the Electric Vehicle Association of the Philippines (EVAP). “With the advent of the Electric Vehicle Industry Development [EVIDA] law, there’s about 15 percent increase already starting this year, 2023.

The expected proliferation of electric vehicles would eventually bring the country to be at par with its neighboring countries, according to the Electric Vehicle Association of the Philippines .

Araga said that while the country is far from reaching the “tipping point” or 5 percent of the total new car sales going to fully EVs, consumers are now ready on taking hybrids as a “start-up” before they can shift fully to battery electric vehicles or BEVs. He added that the difficulty of shipping in the Philippine setting is another “nitty gritty” that the dealers and distributors have to address in so far as the supply of EVs is concerned.

In a statement it issued last month, EVAP pushed for exemption of its member companies from the BOC’s import assessment system to “streamline the clearance process” to make it more efficient for EVAP members.

 

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