President Ferdinand Marcos Jr. launched Tesla Motors Philippines on Monday, marking Tesla's fourth Southeast Asian market. Marcos hailed the investment as recognition of the country's potential and commitment to innovation. He envisions a future with 50% electric vehicles on Philippine roads by 2040, fueled by government policies and infrastructure development. Tesla's presence will empower the local workforce and contribute to environmental sustainability.
PRESIDENT Ferdinand Marcos Jr. on Monday led the launching of Tesla Motors Philippines Inc., the electric vehicle company's fourth market in Southeast Asia.Marcos hailed Tesla 's decision to invest in the country as 'a recognition of our nation's potential, underpinned by forward-thinking policies and a collective determination to innovate.''As Tesla lays a groundwork, and as we invest in infrastructure and implement policies supporting the industry, competition will grow.
'The government understands that transitioning to electric vehicles is a complex journey, one that requires vision and a great deal of strong and committed concrete action to make it practical, inclusive, and impactful for every Filipino. And this is why we have adopted and pursued strategic measures that reflect our commitment to enhancing sustainable transportation while meeting the needs of our communities,' he said.
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