MANILA, Philippines: House Assistant Majority Leader and Puwersa ng Bayaning Atleta Party-list Rep. Margarita “Migs” Nograles has recently introduced House Bill 9574, aimed at amending the Electric Vehicle Industry Development Act (Evida). The current law, passed last year, focuses on promoting and accelerating the development and commercialization of electric vehicles (EVs). However, it excludes two-wheeled vehicles from import tariff exemptions.
Nograles highlights the significant market share of two-wheeled EVs compared to their four-wheeled counterparts. She emphasizes that the current tariff structure imposes higher upfront costs on electric two-wheelers, making them less economically attractive to consumers in comparison to conventional gasoline-powered two-wheelers. This situation creates a significant barrier to the growth of the electric vehicle industry, hindering environmental sustainability efforts and impeding the transition to clean transportation.
With her proposed amendments, Nograles aims to address these challenges and promote the affordability and competitiveness of EVs, especially two-wheelers. The bill seeks to temporarily reduce the Most Favored Nation (MFN) tariff rates for all electric vehicles, recognizing the need to provide immediate support to the industry. This reduction would enhance the affordability of EVs and encourage their adoption.
Furthermore, Nograles advocates for a zero percent MFN tariff rate on two-wheeled EVs for the next five years. This bold measure aims to completely eliminate tariff-related barriers and demonstrates a strong commitment to promoting the growth of the electric vehicle market in the Philippines. By demanding a zero percent MFN tariff rate, the proposed amendment aligns with global efforts to incentivize the adoption of clean and sustainable transportation.
Nograles believes that lower tariff rates will incentivize consumers to choose electric two-wheelers over conventional vehicles. This increased demand will stimulate investment in the EV industry, promote the establishment of manufacturing facilities, create employment opportunities, and contribute to the reduction of greenhouse gas emissions. The proposed amendments to the Evida law aim to foster a favorable environment for the growth of the electric vehicle market in the Philippines.
It is important to note that these proposed amendments align with global trends and efforts to transition to cleaner and more sustainable transportation options. Many countries around the world are implementing policies and incentives to encourage the adoption of electric vehicles. By reducing tariff barriers and promoting the affordability of EVs, the Philippines can position itself as a leader in the electric vehicle industry in Southeast Asia.
Additionally, these amendments reflect the government’s commitment to environmental sustainability and reducing greenhouse gas emissions. Electric vehicles are known for their lower carbon footprint compared to traditional gasoline-powered vehicles. By encouraging the adoption of electric two-wheelers, the Philippines can make significant progress towards achieving its environmental goals.
Overall, the proposed amendments to the Electric Vehicle Industry Development Act by Rep. Margarita “Migs” Nograles aim to boost the growth of the electric vehicle market in the Philippines, particularly for two-wheeled electric vehicles. By reducing tariff barriers and enhancing affordability, these amendments seek to promote the adoption of clean and sustainable transportation options, stimulate investment in the EV industry, create employment opportunities, and contribute to the reduction of greenhouse gas emissions. It is a crucial step towards a greener, more sustainable future for the Philippines.
Source: The Manila Times
