E-vehicle industry lauds exemption from excise tax

  • Page Views 757
  • The electric vehicle industry expects to benefit from its exemption from the higher excise taxes to be slapped on automobiles, the group of e-vehicle makers said.

    In a letter submitted to the Senate committee, the Electric Vehicle Association of the Philippines (EVAP) expressed its gratitude to both Houses for proposing the exemption from excise tax of both electric and hybrid vehicles.

    EVAP president Rommel Juan said the exemption serves as some form of incentive for the local electric and hybrid vehicle industry which many other countries such as the US, Norway, China, Thailand and Malaysia have been enjoying.

    “While Congress has already approved House Bill 5636, the Senate is now deliberating on Senate Bill 1408. Both bills cover the comprehensive tax reform package and include provisions for excise tax for automobiles. Both bills also exempt electric and hybrid vehicles from excise tax,” EVAP said.

    In the proposed law, EVAP said hybrid vehicles are also exempted as long as “its drive system consists of an efficient combustion engine and a powerful electric motor which can run at least 30 kms under one full charge.”

    “The Philippine automotive industry is enjoying an unprecedented boom and we want more and more EVs and hybrids to take a slice of the automotive pie,” EVAP vice president Edmund Araga said.(R. Mercurio, PS)

    Share

    New Posts Recently publish post More

    • 16 September 2018
      2 days ago No comment

      MOSAIC’s statement on Shen murder case

      Vancouver, BC – In response to calls from media seeking comment about the Shen murder suspect’s immigration status, Olga Stachova, Chief Executive Officer has released the following statement on behalf of MOSAIC (Multilingual Orientation Services Association for Immigrant Communities). As with all Canadians, the thoughts of MOSAIC staff are ...

    • 16 September 2018
      2 days ago No comment

      No kid gloves

      It’s alarming. The number of young people dying in Canada has risen in the last few years, and not because of illness, but pure and simple neglect by the government. Canada’s reputation in the world as a healthy place to raise children is belied by statistics showing high rates ...

    • 16 September 2018
      2 days ago No comment

      New Surrey LRT

      Better transportation for everyone in Surrey is one step closer to reality. Last week, the Surrey-Newton-Guildford Light Rail Transit (SNG LRT) Project reached a critical milestone with the formal approval of the Business Case by the governments of Canada and B.C. The Project is now fully approved and fully ...

    • 16 September 2018
      3 days ago No comment

      Rotary Club Vancouver Mountainview leads Community Service

      Rotary Club Vancouver Mountainview held a community service for the residents of the Banfield Pavilion of the Vancouver General Hospital last August 10 entitled the Banfield Pavilion Carnival. The carnival was attended by the residents and their families, and the Rotary Club treated them to fun games and carnival ...

    • 16 September 2018
      3 days ago No comment

      Duterte bares ouster plot by Trillanes and other foes

      Philippine President Rodrigo Duterte revealed on September 11 an alleged plot to topple his government. Vowing to prove that the destabilization plot against his administration is actually true, Duterte said that he has evidence that point to his political opponents, the communists, and the Magdalo Group of Senator Antonio ...

    %d bloggers like this: