The Philippine government is considering extending the zero-duty import policy for electric vehicles (EVs) and their components to further boost the local EV market. Industry stakeholders have raised concerns about potential disruptions if the policy is not renewed, as it currently supports affordability and accessibility of EVs. The review process comes amid growing demand for sustainable transportation solutions in the country. Analysts suggest the decision could impact both consumer prices and the broader push toward electrification in the automotive sector.
Proposed extension of zero-duty EV imports, parts under review BusinessWorld Online
