News > Philippines extends zero tariff policy on electric vehicles, parts until 2028

Philippines extends zero tariff policy on electric vehicles, parts until 2028

A government economic committee chaired by President Ferdinand Marcos Jr also widened the scope of preferential tax rates to include hybrid electric vehicles, e-motorcycles and e-bicycles. Marcos, whose term ends in 2028, has made renewable energy and combating climate change a centrepiece of his policy agenda, promoting cleaner alternatives to fossil fuels in a country that is one of the most vulnerable to extreme weather events.