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Electric vehicles get cheaper: Philippines approves zero import duty

The National Economic and Development Authority (NEDA) Board has approved a recommendation to reduce the import duty on e-motorcycles and e-bicycles to zero until 2028.

This decision expands the coverage of Executive Order (EO) 12, which temporarily modified the import duty rates on electric vehicles (EVs) and their components.

The NEDA Board’s approval means that the Most Favored Nation rate will remain at zero on 34 tariff lines of battery electric vehicles until 2028.

In addition to e-motorcycles and e-bicycles, the list of articles with zero duty now includes nickel metal hydride accumulators.

The expanded coverage also features other types of EVs, such as battery e-tricycles and quadricycles; battery, hybrid EV (HEV) and plug-in hybrid EV (PHEV) jeepneys and buses; as well as HEV and PHEV cars and trucks.

Completely knocked down EVs for all types of vehicles are also included in the zero-duty provision.

“EO 12 is designed to stimulate the electric vehicle market in the country, support the transition to emerging technologies, reduce our transport system’s reliance on fossil fuels, and reduce greenhouse gas emissions attributed to road transport. By encouraging consumers to adopt EVs, we are promoting a cleaner, more resilient, and more environmentally friendly transportation alternative,” NEDA Secretary Arsenio Balisacan said.

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