Manila, Philippines – President Ferdinand Marcos Jr. hits Elon Musk, the Navy that helped have Donald Trump in the United States, Philippines as a production site for his electric vehicle activities (EV) ,,,,,,, ,,,,
Marcos consulted the new 1,900-square-meter Tesla Center in Taguig City on Monday, Jan. 20, two months after Musks’ EV corporate organization in Manila. tesla Motors Philippines is a subsidiary of Tesla, indexed to Nasdaq, Inc.
“The Tesla resolution to invest in the Philippines is a popularity of our country, supported through avant -garde policies and a collective determination to innovate,” Marcos said in his speech.
“We hope that Tesla can only one day to make her cars in the Philippines,” he added.
Tesla is one of Musk’s companies, and is now one of the difficult entrepreneurs in the United States. He also bought Twitter (now called “X”) for $ 44 billion in 2022 and has the Spacex space company, and founded its subsidiary, Starlink.
After donating millions of dollars to help Trump’s campaign, Musk selected the hand through the president chosen to lead a new proposed company: the “Government Effective Department”.
Tesla opened its fourth showroom in Southeast Asia along Uptown Parade in Bonifacio Global City last November, making Tesla Models 3 and Y available in the country for just over P2 million. The other retail outlets are located in Malaysia, Thailand, and Singapore.
Tesla representatives said the first orders from the Philippines will arrive in early 2025.
Marcos praised the country’s efforts on Monday to inspire the public to electric cars for a more “sustainable” mode of personal transportation.
For example, the Acceleration and Inclusion Tax Reform Act (TREN) eliminates excise taxes on battery electric vehicles. The Electric Vehicle Industry Progression Act (EVIDA) also provides that charging stations are imported to the rights of the duty free.
“While it’s true that electric cars are lately premium products, Tesla’s access to the Filipino [market] signals much more than high-tech cars on the road,” Marcos said.
“It is a step — a very significant step forward to our long-term transformation towards a more environment-friendly transportation system.”
The Philippines aims to have electric cars with a 50% share of the market in the country by 2040. Despite the industry, the government does not expect EV sales in 2024, they will succeed in 10% of overall vehicle sales in the country. Rappler. com
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