World

Philippines lifts tariffs on electric vehicles

A Philippine inter-agency panel chaired by President Ferdinand Marcos Jr has approved removing tariffs on electric vehicles (EVs) to spur demand amid high fuel costs, according to foreign media.
Philippines lifts tariffs on electric vehicles ảnh 1Illustrative image (Photo: VNA)

Hanoi (VNA) - A Philippine inter-agency panel chaired by PresidentFerdinand Marcos Jr has approved removing tariffs on electric vehicles (EVs) tospur demand amid high fuel costs, according to foreign media.

The President will issue an executive order to cut the mostfavoured nation tariff to 0% on EVs like passenger cars, buses, vans,trucks, motorcycles, and bicycles, and their parts for five years. The currentimport tax on EVs in the country is from 5% to 30%.

However, tariff rates on hybrid vehicles will not change.

According to Economic Planning Secretary Arsenio Balisacan,the executive order aims to expand market sources and encourage consumers toconsider acquiring EVs, improve energy security by reducing dependence onimported fuel, and promote the development of the domestic EV industryecosystem.

Consumers in the Philippines currently need 21,000 USD to 49,000 USD on an EV,versus the 19,000 USD to 26,000 USD for conventional vehicles.

Data from the Philippine government show that among the more than 5 millionregistered automotives in the Southeast Asian nation, only 9,000 are electric,mostly passenger vehicles./.

VNA
#EVs #electric vehicles #tariffs #Philippines #Vietnamplus #Vietnam news #Vietnam News Agency Philippines
Follow VietnamPlus

Related News

Philippines remains biggest importer of Vietnamese rice

Philippines remains biggest importer of Vietnamese rice

The Philippines is the top importer of Vietnamese rice during January – September this year, accounting for 43.9% of the country’s total export of the grain, according to the Ministry of Agriculture and Rural Development (MARD).
Philippines highlights ASEAN’s centrality

Philippines highlights ASEAN’s centrality

Philippine Ambassador to Vietnam Meynardo Los Banos Montealegre has highlighted Philippines' priorities, post-pandemic economic and tourism recovery in the region as well as challenges that ASEAN is facing in an interview granted to the Vietnam News Agency on the occasion of the 40th and 41st ASEAN Summits and related summits taking place in Cambodia from November 10-13.
Philippines posts 7.6% GDP growth in Q3

Philippines posts 7.6% GDP growth in Q3

The Philippines’ gross domestic product (GDP) grew at a faster-than-expected pace of 7.6% in the third quarter of 2022, according to the Philippine Statistics Authority (PSA).

See more

A motorist refuels at a station in Phnom Penh following a Ministry of Commerce warning against domestic fuel stockpiling. (Photo: Khmer Times)

Cambodia strengthens control over retail fuel sales

Cambodia’s Ministry of Commerce has called on the public and fuel station operators across the country to avoid hoarding fuel and to strictly follow technical safety standards in the sale and storage of petroleum products to prevent safety risks and ensure a stable supply.

Lao Prime Minister Sonexay Siphandone (Photo: Xinhua/VNA)

Laos identifies 10 key tasks to build independent, self-reliant economy

Laos will step up agricultural production to ensure food security, meet domestic demand and expand exports; encourage the development of agro-processing industries, including those related to rubber, aquatic products, cassava and sugarcane, as well as fertiliser and animal feed production, in order to increase added value and create jobs in rural areas.

Illustrative image (Photo: Nikkei)

ASEAN faces startup funding drought risks

ASEAN's startups raised 1.16 billion USD in October-December 2025, slightly down from the same quarter a year earlier. For the full year, funding increased 18% to 5.4 billion USD, but that was still about a fourth of the level seen in the peak year of 2021.

Environment Minister Hanif Faisol Nurofiq speaks to the press in Badung, Bali, on March 5. (Photo: Antara)

Indonesia steps up waste sorting at source

Waste sorting at source, combined with modern treatment technologies and stronger community participation, will play a decisive role in reducing pollution and building a sustainable waste management system in Indonesia in the coming years.

Lao girls in a festival. (Photo: asiakingtravel.com)

Laos marks International Women’s Day

The Lao People’s Revolutionary Party and the Lao Government have established policies and legal frameworks to promote women’s development, safeguard women’s rights and interests, and advance gender equality.

Two children play with a gadget in Jakarta. (Photo: ANTARA)

Indonesia sets age limits on digital platforms to protect children

Minister of Communication and Digital Affairs Meutya Hafid said Government Regulation No. 17 of 2025 on Electronic System Governance for Child Protection, known as PP Tunas, will delay access to high‑risk platforms until age 16, while lower‑risk services will be available from age 13.

Indonesia looks to expand engineering workforce amid AI push

Indonesia looks to expand engineering workforce amid AI push

President of the Institution of Engineers, Indonesia (PII) Ilham Akbar Habibie said the number of engineers per one million people in Indonesia remains low. The country currently has about 2,500 engineers per one million people, compared with around 9,500 in Vietnam – nearly four times higher. He described Vietnam as a typical example of how a nation can rely on engineering to strengthen its economy and drive robust economic growth.

Singapore invests to strengthen food self-reliance

Singapore invests to strengthen food self-reliance

Singapore plans to pump 70 million SGD (55 million USD) over the next five years to help local farms expand production capacity and build capabilities, as the country steps up efforts to strengthen food resilience amid growing global uncertainties.

Thailand announces referendum results on constitutional amendment (Photo: eastasiaforum.org)

Thailand announces results of constitutional amendment referendum

Official results released by the EC and signed by EC Chairman Narong Klanwarin show that a majority of Thai voters (58.64%) supported the amendment of the current Constitution. Meanwhile, 30.46% voted against, 8.34% cast blank ballots, and 2.56% of the votes were invalid.

Illustrative photo: Internet

Guangxi strengthens ASEAN – China trade connectivity

China has remained ASEAN’s largest trading partner for 17 consecutive years, while ASEAN has held the position as China’s top trading partner for the past six years. Guangxi, the only Chinese region linked to ASEAN by both land and sea, plays a strategic role in connecting the two markets.

Malaysian Minister of Investment, Trade and Industry Johari Abdul Ghani (Photo: Bernama)

Malaysia boosts exports to CPTPP member countries

Through the CPTPP, exporters can access non-traditional markets such as Canada, Mexico and Peru and, for the first time, gain preferential access to the UK market, which had previously been subject to regular tariffs, said a Malaysian official.

Young Lao ethnic women splash water to pray for good fortune during the traditional water-splashing New Year festival. (Photo: VNA)

Laos accelerates UNESCO nominations for cultural heritage

The Lao government will seek inscription of several traditions on the UNESCO Intangible Cultural Heritage of Humanity list, including Larb, the Sou Khuan ceremony, Pu Yer – Ya Yer, Lao New Year (Bun Pi Mai Lao), and Khao Tom–Khao Lam. It will also pursue World Heritage status for Nakai-Nam Theun National Park, the Plain of Jars in Houaphanh Province, and That Ing Hang.

Vietnam attends Cambodia–ASEAN Business Summit 2026

Vietnam attends Cambodia–ASEAN Business Summit 2026

Themed “Transforming ASEAN Transformation: Innovation, Integration and Industrial Evolution,” the event aimed to promote economic growth, deepen regional integration, and advance sustainable development in Cambodia and across ASEAN, underscoring the bloc’s strong commitment to innovation-driven growth and fostering regional competitiveness.