Philippine Business for Environmental Stewardship Secretary General Felix Jose Vitangcol urged the government to amend the tax incentives for electric vehicles as it ‘lacks inclusivity.’
Under the EO, EVs such as kick scooters, pocket motorcycles, and self-balancing cycles are included in the tax breaks. Two-wheeled electric motorcycles, on the other hand, are still subject to 30 percent import duty. The organization reiterates that the majority of the motorists in the country are using two or three-wheeled vehicles including public utility jeepneys.
PBEST asserts that more Filipinos should be encouraged to shift to alternative energy regardless of their socio-economic status and the types of their vehicles. According to the Statista Research Department, the power production in the Philippines is still dominated by coal at 47.6 percent, followed by other fossils at 18 percent, and gas at 10.7 percent, which totals 76.3 percent.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Advocacy group wants review of tax breaks for e-vehiclesMANILA, Philippines — An advocacy group for environmental stewardship is urging the government to amend the tax incentives for electric vehicles (EVs) to make them inclusive of electric
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Writer, advocate Luis Teodoro remembered as 'pillar of Philippine journalism''Dean Teodoro, the staunchest advocate for the best in the profession and the most savage critic of its worst practices, has touched and inspired the lives of countless in our ranks and will continue to be a guide for journalists,' says the National Union of Journalists in the Philippines bnzmagsambol UP journalism professor Danilo Arao says Teodoro’s passing allows students and journalists to continue his legacy of responding to the challenge of responsible journalism and social change. READ:
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Philippine markets drop on SVB spillover fears, local economic dataPhilippine financial markets weakened on Tuesday, dragged by fears over the potential spillover from the recent collapse of Silicon Valley Bank (SVB), and after the release of local economic data.
Source: gmanews - 🏆 11. / 68 Read more »
Philippine government seeks suspension of ICC drug war probeThe Philippine government has sought the reversal of the decision of the International Criminal Court (ICC) to reopen an inquiry into the brutal anti-drugs campaign by former President Rodrigo Duterte. 30,000+ have been killed yet there's no investigation, out justice system has failed us.
Source: gmanews - 🏆 11. / 68 Read more »
Philippine economy spared from Silicon Valley Bank collapse — DioknoFinance Secretary Benjamin Diokno on Wednesday said the Philippine economy is spared from the potential impact of the collapse of Silicon Valley Bank (SVB) in the United States. READ: Hope there are no Pilipino billionaires who have millions of dollar accounts there.
Source: gmanews - 🏆 11. / 68 Read more »
VNS takes on Philippine Army in Spikers’ Turf | BusinessMirrorVNS tris to strengthen its semis chances as it takes on Philippine Army while PGJC-Navy and National University-Archipelago Builders collide in a duel of ousted teams in the Spikers' Turf Open Conference at the Paco Arena Wednesday. The Griffins (5-3) and the Iloilo Spikers (6-2) are the only remaining squads…
Source: BusinessMirror - 🏆 19. / 59 Read more »