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The National Economic and Development Authority Board on Wednesday approved the lifting of import duties on electric bicycles and other electric vehicles to promote cleaner transportation and reduce reliance on fossil fuels.
The Department of Trade and Industry welcomed the decision. “By making EVs and hybrid EVs more accessible and affordable, the government not only fosters sustainable mobility but also contributes to cleaner air and a healthier environment,” said Trade Secretary Alfredo Pascual. EO 12 reduces import tariffs on electric vehicles to 0 percent for five years to attract investments and create a sustainable mobility network.
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