TOYOTA Philippines is prodding the gov’t to provide inclusive tax incentives to EVs to promote the electrification of the automotive industry and help mitigate the impact of climate change.
“But siguro, one of the ways of thinking ng customers kasi ngayon siyempre, ‘pag electrified or hybrid, medyo mahal than regular,” Cabrera said explaining the need for inclusive incentives to help the country move forward to using new technologies. “I think that would help not just the automotive industry but also other industries – kung motorcycle man- because it will also help promote the electrification of their products,” Cabrera said.
However, this has received mixed reactions as it excluded electric motorcycles from the tax breaks, while the motorcycles comprise the majority of the country’s transport mix with around eight million registered units to the Land Transportation Office.
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