The Tariff Commission has recommended including e-motorcycles in its list of electric vehicles eligible for import tax breaks.According to its website, the commission submitted a report of its review of Executive Order 12 to the National Economic and Development Authority on April 15, suggesting the reduced rates.
The EO 12 was enacted to complement the Electric Vehicle Industry Development Act to create an industry for EVs in the country and help reduce carbon emissions, in compliance with the Philippines' commitment to the Paris Agreement. It modifies the tariff rates for EVs to help mainstream their use among Filipinos.Currently, e-motorcycles or two-wheeled electric vehicles with maximum speed of over 25 kilometers per hour are still subject to a 30% tariff rate.
Source: Car News Wire (carnewswire.net)
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