Manila, Philippines – President Ferdinand Marcos Jr. is calling the doors of Elon Musk, the businessman who helped Donald Trump be elected in the United States, to the Philippines a production site for his electric vehicle business (EV ),
Marcos consulted the new Tesla Center of 1,900 square meters in the city of Taguig on Monday, January 20, more than two months after the status quo of the corporate EV that belongs to musk in Manila. Tesla Motors Philippines is a Tesla subsidiary, indexed in Nasdaq, Inc.
“Tesla’s resolve to invest in the Philippines is a popularity of our country’s potential, supported through forward-thinking policies and a collective determination to innovate,” Marcos said in his speech.
“We hope that Tesla can only one day to make its cars in the Philippines,” he added.
Tesla is one of Musk’s companies, who is now one of the tough entrepreneurs in the United States. It also bought Twitter (now called “X”) for $44 billion in 2022 and has a space company SpaceX, and founded its subsidiary, Starlink.
After donating millions of dollars to help Trump’s campaign, Musk was handpicked by the president-elect to lead a new proposed agency — the “Department of Government Efficiency.”
Tesla opened its fourth showroom in Southeast Asia along Uptown Parade in Bonifacio Global City last November, making available Tesla models 3 and Y in the country for just over P2 million. The other stores 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 instance, the Tax Reform for Acceleration and Inclusion (TRAIN) Act removes excise taxes on battery EVs. The Electric Vehicle Industry Development (EVIDA) Act also provides that charging stations be imported into the country duty-free.
“While it is true that electric cars are lately premium products, Tesla’s access to the Filipino [market] points 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 objective of the Philippines: having 50% percentage electric cars in the country until 2040. Although the industry government does not expect electrical car sales in 2024, they succeed in 10% of the general sales of vehicles in the country. – Ravrele. com
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