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Energy Chief Cheers Marcos' Expansion of EO 12 for Environment-Friendly Vehicles

May 17, 2024
12:22PM PHT
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The Department of Energy welcomed the National Economic and Development Authority (NEDA) Board's approval to expand tax breaks for two and three-wheeled battery electric vehicles (BEVs), hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs) until 2028.

Chaired by President Marcos, the NEDA board approved the expansion on May 15, 2024, to include e-motorcycles, e-bicycles, e-tricycles, HEVs, and PHEV jeepneys or buses. 

Energy Secretary Raphael Lotilla lauded the move, emphasizing its role in enhancing electric and hybrid vehicle accessibility, fostering innovation, and reducing greenhouse gas emissions.

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