The NEDA board approved this extension under Executive Order No. 12, broadening zero tariffs to include e-motorcycles, e-bicycles, and various hybrid vehicles, alongside traditional battery EVs.
This strategy aims to accelerate the Philippines' transition to sustainable transport, decrease dependence on fossil fuels, and foster a greener economy, NEDA said in a statement.
The initiative also encompasses reduced duties on completely knocked down EVs, further incentivizing local assembly and adoption of eco-friendly vehicles, the agency said.
