ECCP calls for import tax exemption for all EVs

The European Chamber of Commerce of the Philippines has called on the government to exempt from import taxes electric vehicles from all countries instead of limiting it to special trading partners. | AldenMonzonINQ /PDI

The local industry association of electric vehicle firms has cheered the latest move by the government to temporarily remove the taxes for EVs for a period of five years, citing it as one of the major steps in mainstreaming more environment-friendly vehicles.

In 2021, the market share of electrified vehicles—which include hybrid electric vehicles, plug-in hybrid electric vehicles and battery electric vehicles—stood at .31 percent, equivalent to 810 units.

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