Tag Archives: tax incentives

Tax Boost for Sustainable Mobility in the Philippines

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EV Tax Exemption The Philippines is proposing new excise tax law that would exempt electric vehicles (EVs) from excise duty. The proposed exemptions are part of the House Bill 5636, which the House of Representatives passed on May 31, and the Senate Bill 1408 currently under consideration. The proposed law also exempts hybrid vehicles so long as its drive system “consists of

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Thailand Appoints State-owned Co Lead the Charge in Electric Vehicle Development

PTT Plc, a state-owned oil and gas company, on Monday signed contracts with six major automakers for cooperation in developing electric cars, opening the first in a series of electric vehicle charging stations associated with the project. PTT will be responsible for building a network of 20 charging stations under the accord, while the automakers pledged to develop electric vehicles

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BMW may Build an Electric-Car Battery Factory in Thailand

German carmaker BMW is considering building a new plug-in hybrid vehicle battery factory in Thailand, the country’s industry minister said on Friday. Construction was likely to start in the middle of next year with an investment of 2 billion baht ($57 million), Industry Minister Atchaka Sibunruang said, adding that the factory would make hybrid vehicles more affordable for Thai consumers.

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