President Ferdinand “Bongbong” Marcos Jr. has suggested the corporate automotive and blank power of the United States to expand its Philippine operations through an electric vehicle production plant (EV), since the logo of the logo of E-VEHICLE opened its first national exhibition hall.
Speaking on Monday at the launch of the Filipinas Tesla Center in Taguig, the president stressed the government’s efforts to reduce carbon emissions and the expansion of the electric vehicles sector.
“With plans to expand further, Tesla builds a generation of supplied Filipinos to lead in the global replacement towards sustainable technologies like this,” said Marcos.
During the event, the leading executive said that existing philippines offer incentives to brands and consumers of EV equally.
The key industry policies come with the law on the fiscal reform of acceleration and inclusion (trains), which has been broken from special taxes in battery vehicles and the law on the progression of the industry of the industry of Electric vehicles (EVIDA), which provide tax deductible imports for cargo stations, decrease user rates for electric vehicle housing owners and registration priorities and traffic privileges
Additionally, the September inauguration of a state-of-the-art facility producing advanced iron phosphate batteries, a key component for EV production, is a step forward in developing the industry, Mr. Marcos said.
The President expressed optimism that a local Tesla car factory would create new jobs for qualified Filipinos.
“Every hire represents an investment in Filipino talent that drives this transition forward,” he added.
The presence of Tesla, the president said, would inspire local innovation and attract more investments in the electric vehicle sector.
“The government has adopted policies and pursued strategic measures that reflect our commitment to enhancing sustainable transportation while meeting the needs of Filipino commuters,” the President said.
He also said that electric cars are the long term of the Philippine transport system, and described Tesla’s access to the market as a step towards the country’s long -term environmental objectives.
“While it is true that electric cars are lately high -end products, Tesla’s access in the [Market] of the Philippines is a sign of much more than high -tech cars on the road,” said the president.
Tesla Motors Philippines Inc. , a subsidiary of Tesla Inc. , officially entered the Philippin market on November 8, 2024.
Tesla Inc. , indexed in the Nasdaq with a market capitalization greater than $ 1. 2 billion, is identified as a leader in sustainable transport and energy solutions.