A proposed invoice searching for to amend the Electric Vehicle Industry Development Act (EVIDA) was filed on the House of Representatives on Monday.
Albay 2nd District Rep. Joey Salceda filed proposed House Bill (HB) No. 9573, which seeks to revamp the tax and responsibility therapy of electrical autos (EV) within the nation.
According to Salceda, the proposed measure will align the Philippines with its commitments to the worldwide neighborhood beneath the Paris Agreement and cut back the nation’s reliance on fossil fuels.
It may even embrace a redefinition of EVs to explicitly embrace two-wheeled autos, which the lawmaker stated comprise 60% of EVs within the Philippines.
“While the EVIDA has successfully propelled a six-fold increase in electric car sales in 2023 compared to 2022, limitations in the law have excluded two-wheeled electric vehicles from crucial fiscal incentives,” the lawmaker from Bicol stated.
In March 2023, the Department of Energy (DOE) stated it’s eyeing to spice up the share of EVs within the nation past the mandated 5% necessary share of EVs in private and non-private sector fleets as it really works on the Comprehensive Roadmap for the Electric Vehicle (EV) Industry (CREVI), which is able to present the time-frame for the mandate.—RF, GMA Integrated News
Source: www.gmanetwork.com
