Jamil Lacuna, writing for AutoIndustriya;
2024 is the year when electrified vehicles have started to pick up traction in the Philippine market.
Following the Marcos administration’s executive order that cut down import duties for electric vehicles (EV) to zero last year, the same tariff breaks have been extended this year to include plug-in hybrids (PHEV) and hybrid electric vehicles (HEV).
This has enabled a lot of vehicle brands in the country to roll out more electrified vehicles, but more importantly, offer them at more competitive prices. As a result, more buyers have welcomed the idea of owning electrified vehicles this year.
With the opening of Tesla, this number will only increase.
