Marcos OKs temporary zero-tariff policy for e-vehicles, spare parts

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President Ferdinand “Bongbong” Marcos Jr. has approved the temporary zero-tariff policy for electric vehicles and spare parts in an attempt to encourage consumers to shift to “cleaner and greener” transportation.

Malacañang disclosed that Marcos signed Executive Order No.12 on Jan. 13, over a month after it was recommended by the National Economic Development Authority.

The move aims to “help boost the electronic vehicle market in the country, support the transition to emerging technologies, and encourage consumers to consider electric vehicles as a cleaner and greener transportation option.”

 

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