A long-awaited reduction in tariffs for fully-built units of electric vehicles has been delayed until 2040, according to new government guidelines. The shift comes as part of broader efforts to balance local manufacturing growth with the push for cleaner transportation. Industry groups had previously advocated for earlier tariff cuts to accelerate adoption, but officials emphasized the need for gradual adjustments. The decision may reshape investment strategies for automakers and renewable energy sectors in the coming decades.
Zero tariff for electric vehicles pushed until 2040 philstar.com
