Bill for development of EV infrastructure and incentivization filed
It includes the development of charging stations and the implementation of tax exemptions for EV users.
The adoption of sustainable alternatives to personal mobility has been steadily moving forward all over the world. With many automotive and motorcycle manufacturers committing to developing more electric vehicles, it’s pretty clear that electrification is the way of the future. While we may not quite feel it just yet, the local market may soon begin adapting to suit electric cars and motorcycles in the very near future.
In line with this, Senator Sherwin Gatchalian has filed a new bill which is geared towards accelerating the country’s adoption of electric vehicles. Under Senate Bill 1382, or the Electric Vehicles and Charging Stations Act, all private and public establishments are required to dedicate exclusive parking spaces for electric vehicles. On top of this, charging stations will be mandated to be set up in existing gasoline stations and select parking lots in urban areas.
On top of the rapid development of EV-centric infrastructure, the bill also mandates certain tax exemptions, particularly VAT, importation duties, as well as LTO Motor Vehicle User’s Charge (MVUC) to those who opt to make the green shift. This stands the chance to make owning electric cars and motorcycles a lot easier, as up until recently, the cost of purchasing a brand new electric vehicle had been extremely high due to the new and sophisticated technology found in today’s crop of premium EVs.
“To parry the high cost of EVs until its eventual parity with ICE vehicles, fiscal and non-fiscal incentives are provided for the importation, utilization, and manufacture of EVs. This includes a 9-year exemption from value-added tax, customs duties, and discounts on the Motor Vehicle User's Charge as well as expedited registration procedures for EV users. Moreover, the Department of Trade and Industry and the Board of Investments are mandated to establish a time-bound, targeted, performance-based, and transparent EV incentive strategy to attract EV and EV parts manufacturing."
With more and more players dedicated solely to the development and production of electric personal mobility solutions, it’s only a matter of time before we begin to see some top-shelf electric motorcycle manufacturers enter the Philippine market. Brands like Zero and Energica, as well as upcoming offerings from the likes of Husqvarna and BMW stand the chance to reshape the landscape of the local motorcycle industry.
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