Tax Exemptions & Free Parking May Drive More EVs in the Philippines

Takeaways:

• A new electric car law will provide tax exemptions and free parking in the Phillippines.
• The Tax Reform for Acceleration and Inclusion law will allow a 50% rebate from applicable excise taxes on imported vehicles.
• Shell Pilipinas has also launched “Recharge”, whose 180-kilowatt DC fast charger is the quickest in the country.

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