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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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