Marcos urges Tesla to manufacture electric vehicles in PH
- President Ferdinand R. Marcos Jr. Urged Tesla to manufacture electric vehicles in the Philippines to support sustainable transportation during the launch of the Tesla Service Center in Bonifacio Global Center.
- The government has enacted the Electric Vehicle Industry Development Act, which offers duty-free importation for charging stations and zero tariffs on electric vehicles until 2028.
- Marcos announced a target for electric vehicles to hold a 50 percent market share in the Philippines by 2040 as part of the Comprehensive Roadmap for the Electric Vehicle Industry.
- Tesla's investment in the Philippines is seen as a recognition of the country's potential and aims to enhance local capabilities and innovation in the EV sector.
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Total News Sources0
Leaning Left3Leaning Right2Center0Last UpdatedBias Distribution60% Left
Bias Distribution
- 60% of the sources lean Left
60% Left
L 60%
R 40%
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