PH Now Ready to Battle for EV Investments with P60-Billion Incentive Strategy
The Philippines has launched the Electric Vehicle Incentive Strategy (EVIS), a P60-billion fiscal incentive package, to attract electric vehicle (EV) manufacturing investments. The program aims to boost local production and position the country as a regional hub.
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The Philippine government has launched a P60-billion incentive package to attract electric vehicle (EV) manufacturers, aiming to position the country as a regional automotive manufacturing hub. Approved by President Marcos, the initiative seeks to boost domestic EV production and drive economic growth.