Marcos Jr. Launches EV Incentive Program to Boost Local Manufacturing
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President Ferdinand Marcos Jr. has issued Executive Order No. 121, establishing the Electric Vehicle Incentive Strategy (EVIS) Program. The program aims to encourage major companies to invest in and manufacture electric vehicles and their components in the Philippines. The government will provide tax payment certificates as incentives to attract investments and generate jobs for Filipinos. The EVIS program seeks to create more jobs, attract new investments, strengthen local manufacturing, reduce dependence on imported oil, and position the Philippines as a key player in the global electric vehicle supply chain.
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JUST IN: President Ferdinand Marcos Jr. issues Executive Order No. 121...
President Marcos has issued Executive Order (EO) No. 121 establishing...
Marcos issues new policy to boost local EV manufacturing President Fer...
EO provides incentives to e-vehicle production The Marcos administrati...
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