A taxi cab driver of an electric vehicle charges his unit at a depot in Caloocan City on Monday, June 23, 2025. INQUIRER FILE PHOTO / GRIG C. MONTEGRANDE
MANILA, Philippines — The Philippines is now better positioned to compete for electric vehicle (EV) manufacturing investments as it seeks to become a regional production hub, the country’s trade and finance chiefs said.
This was after President Marcos signed Executive Order No. 121 on July 29, operationalizing the Electric Vehicle Incentive Strategy (Evis), a P60-billion fiscal incentive package for manufacturers that will produce EVs locally.
READ: Marcos: Goal is half of cars on road in 2040 must be electric vehicles
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