"We fervently hope that Tesla might one day choose to manufacture its vehicles in the Philippines," the President expressed, while simultaneously appreciating Tesla's entry into the country that will stimulate local innovation and spur new investments in the EV sector.
(Image courtesy of Presidential Communications Office)
In his speech at the launch of Tesla Center Philippines in Bonifacio Global City (BGC), Taguig City, Marcos stated that policies and strategies for a robust transportation system that will cater to the needs of Filipino motorists and commuters are now being implemented.
(Image courtesy of PCO)
These policies include the Tax Reform for Acceleration and Inclusion or TRAIN Act, which removed the excise tax on electric vehicle batteries; and the Electric Vehicle Industry Development Act (EVIDA), which provides for duty-free importation for charging stations, reduced user fees for EV owners, and ensures they are given priority in registration and exempted from number coding.
The Marcos Administration believes that the use of EVs can contribute to reducing carbon emissions.
Apart from benefiting the environment, the president also said that Tesla can help to create jobs for Filipinos.
"With plans to expand further, Tesla is building a generation of Filipinos equipped to lead in the global shift towards sustainable technologies such as this," the President added.
Tesla officially entered the Philippines on November 8, 2024.
