MANILA, Philippines: The giving of tax breaks to e-motorcycles gained additional backing from different stakeholders and government agencies as the mandatory review of Executive Order No. 12 which lowered taxes for electric vehicles commenced.
The Tariff Commission officially started public hearings to review EO 12 on March 13. The commission asked the stakeholders to submit their updated position papers by Monday, March 18, 2024.The Department of Trade and Industry's Bureau of Investment , the Department of Energy , Autohub Group, and the Electric Vehicle Association of the Philippines , among others, expressed support to the inclusion of e-motorcycles in the list of e-vehicles to be given tax breaks.
The Statista Research Department said that majority of motorists own e-motorcycles, as there are about eight million registered units.The EVAP, on the other hand, wants to give tax breaks to e-motorcycles for a limited time to help create an industry for their manufacturing in the country.'The granting of tariff exemption should be limited only to one year with a commitment to at least do a CKD of the same model or another model on the second year,' EVAP said in its position paper.
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