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MANILA, Philippines — The Philippines has moved a step closer to rolling out its flagship incentives program for electric vehicle (EV) manufacturers after the proposal secured approval from the Fiscal Incentives Review Board (FIRB).
Finance Secretary Frederick Go, who chairs the interagency board, confirmed to the Inquirer that the Electric Vehicle Incentive Strategy (Evis) secured the FIRB’s nod following a meeting on May 18.
This approval keeps the program — which aims to encourage carmakers to produce EVs locally — on track for a first-half rollout, or before President Ferdinand Marcos. Jr.’s next State of the Nation Address in July.
READ: Sparse charging stations slowing Filipinos’ shift to EV
