PRESIDENT Ferdinand Marcos said the opening of the Tesla Center Philippines (TCP) in Taguig City will help the country maintain its momentum in mainstreaming the use of electric vehicles and also upskilling the country’s workforce. “Tesla’s entry into the Philippine [market] signals much more than high-tech cars on the road.
President Ferdinand Marcos Jr. leads the opening of the Tesla Center Philippines in Taguig City on Monday, expressing hopes that the Elon Musk unit will help sustain the momentum of mainstreaming the use of electric vehicles while upskilling the country’s workforce.
Under its Comprehensive Roadmap for the Electric Vehicle Industry, the government aims to achieve a 50-percent electric vehicles market share in the Philippines by 2040. Among the said policies, he said, is the Tax Reform for Acceleration and Inclusion Act, which removed the excise taxes on electric batteries for EVs; the Electric Vehicle Industry Development Act , which offers duty-free importation for charging stations, lower user fees for EV owners, and prioritized registration and traffic privileges; and Executive Order No. 62, which reduced the tariff levels on four-wheel and motorcycle EVs, whether pure electric or hybrid, to zero until 2028.
“Every hire represents an investment in Filipino talent that will drive this transition forward. With plans to expand further, Tesla is building a generation of Filipinos equipped to lead in the global shift towards sustainable technologies such as this,” he said.
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