The Philippine government is reportedly considering a massive incentive package worth P60 billion to encourage the development of the electric vehicle (EV) industry in the country. The proposed perks, which would be the largest of its kind in the region, aim to attract major players in the EV sector and position the Philippines as a hub for the production and assembly of eco-friendly vehicles. With the global shift towards sustainable transportation gaining momentum, the government is eager to capitalize on this trend and create jobs, stimulate economic growth, and reduce the country's carbon footprint. The move is seen as a significant step towards achieving the country's goal of having at least 7.7 million EVs on the road by 2040.
Gov’t eyes P60-B perks for EV makers Inquirer.net
