Posted on 27 Dec 2022
During the Seventh International Summit on Power Battery Application (CBIS2022), the government representative from Department of Trade and Industry (DTI) Philippines claimed the company aims to realise domestic production of electric vehicles before 2030.
Glenn Penaranda, assistant secretary at DTI Philippines, announced that in order to promote the construction and the use frequency of charging infrastructures and facilities, the Philippines will lower the tariff of EVs in the short term, Kallanish learns.
He mentioned that the regulations listed in the Electric Vehicle Industry Development Act (EVIDA) have been effective since 20 September.
He says: "The implementation details provide guidance for the development of the EV industry of the Philippines, and the application scenarios of the Philippine EV market will become more diverse and broader. This will lower the reliance on imported fuel and reduce the pollution on public and personal transportation. In addition, the Electric Vehicle Incentive Strategy (EVIS) is scheduled to be implemented in early next year. The EVIS aims to shorten the production cost gap between EVs and traditional vehicles."
He also disclosed that the Philippine government is formulating a comprehensive strategic plan in order to attract more mining processors and battery manufacturers.
He says: "In addition, due to the continuous increase in demand of the Association of Southeast Asian Nations (ASEAN) and other regions in the world, we have the advantages to create an upstream processing industry for nickel battery materials and batteries. Therefore, we are actively seeking value-added commercial activities to strengthen competitiveness and the participation in the global value chain."
Source:Kallanish
