A proposed law promoting the use of electric vehicles (EVs) in the country is now up for discussion in the bicameral conference committee, which precedes its enactment into law by the President, or its denial.
This comes after the House of Representatives passed on Monday House Bill (HB) 10213 or the proposed EV Industry Development Act via a 195-0 vote with no abstentions.
The bill would specifically require establishments with at least 20 parking spaces to allot five percent of their space for the use of EVs, as well as provide charging points.
The proposed measure, should it be passed into law, also provides tax incentives for EV manufacturers, entities operating charging stations, and research and development centers.
EVs, charging stations, and materials for their assembly would likewise be exempted from value-added tax and customs duties for five years from the proposed law’s effectivity.
The bill would also establish an Electric Vehicles Advisory Board comprised of officials from various government agencies, including the Department of Energy (DOE) and the Department of Transportation, to formulate policies pushing for the development and commercialization of EVs.
HB 10213 also provides for a Comprehensive Roadmap on Electric Vehicles (CREV) that would become the national plan to help boost the EV industry. The CREV would then be integrated with the Philippine Energy Plan and the National Transport Policy.
The DOE recently endorsed Century Peak Energy Corporation’s Php2.5-billion project to the Board of Investments, which aims to bring in 20,000 EVs into the country. It is also targeting the development of up to 5,000 EV charging stations within five years.