AUTO INDUSTRY NEWS

CAMPI seeks incentives for electric, hybrid vehicle production

CAMPI seeks incentives for electric, hybrid vehicle production  image

Eric Tipan / AutoIndustriya.com | June 19, 2017 11:48

Automakers to ask Congress for perks to manufacture hybrid and e-vehicles

As buzz about the automobile excise tax grows louder and louder, members of the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) are calling on the government to hand over long overdue incentives for vehicles that use alternative forms of propulsion.

At the pre-event press conference for the 1st ASEAN Electric and Hybrid Vehicles Summit last Friday, CAMPI President Rommel Gutierrez underscored the importance of these fiscal and non-fiscal incentives, indicating that it would make the Philippines a more attractive option for manufacturers of electric and hybrid vehicles.

“I think we need support or incentives to bring in the technology. We will be pushing for incentives in Congress and Senate. It’s not a direct fund from the government, but something that will encourage manufacturers to bring in the technology,” said Gutierrez.

Incentives, fiscal and non-fiscal, will be a major factor since the parts and technology required to manufacture these innovative alternative fuel vehicles have high tariffs.

The investment promotion agency of the Board of Investments (BOI) have expressed their support by listing e-vehicle manufacturing and the establishment of charging stations for e-vehicles in the Investment Priorities Plan (IPP).

“BOI, for the past IPP, also listed electric vehicles and charging stations as among priority industries that will be given incentives. We want to increase our participation in really contributing efforts of the whole government for an environmentally sustainable transportation,” said (BOI) Executive Director Ma. Corazon Halili-Dichosa.

Aside from the current local production of electric tricycles, the BOI also envisions the local manufacturing of electric and hybrid jeepneys, cars, buses, and even a train system.