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The Ayala Group of Companies is making a compelling case for a temporary reduction in the most favored nation rates on all completely built up 2-wheeled electric vehicles.
It is urging the government to bring the tariffs down to zero percent.
Alongside the 2-wheeled electric vehicles, the conglomerate is also advocating for the temporary elimination of tariffs on electric vehicle charging stations, battery swapping stations, as well as their corresponding parts and accessories.
Ayala Corp., AC Industrial Technology Holdings Inc., Global Capital Ventures Inc., and Adventure Cycle Philippines Inc. have jointly submitted a request to the Tariff Commission, seeking a reduction in tariffs on five specific tariff lines.
The move is in line with the Department of Trade and Industry’s support for the removal of tariffs on electric vehicles over a five-year period, aiming to make them more affordable and incentivize a shift towards electric mobility.
In 2022, the Tariff Commission conducted a public hearing on electric vehicles and decided to maintain the tariffs on e-jeepneys and e-tricycles at 20% and 30% respectively, to support local producers in the market.
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