Philippines: EV, hybrid, AFV tax exemptions approved

The Philippines House of Representatives has approved on second reading a bill granting tax incentives for the manufacture, assembly, conversion, and import of electric, hybrid and other alternative-fuel vehicles, aiming to lessen the country’s dependence on oil, reduce carbon emissions and to bring down the cost of such vehicles, which Subscribe to Automotive World to … Continued

• By Webmaster
• March 23, 2012