National Economic Development Authority (NEDA) Secretary Arsenio Balisacan said Monday the agency would focus on the possible inclusion of electric motorcycles in the import tariff exemption.
This as the NEDA was tasked to review the Marcos administration's Executive Order No. 12, which temporarily"The inclusion of e-motorcycles in the import tariff incentives will take center stage once the mandatory review of Executive Order No.12 series of 2023 takes effect nine months from now," Balisacan said in a statement.
Under the said EO, various electric vehicles and their components received lower tariff rates from the previous 5 to 30% to now 0% import duty, with the exception of e-motorcycles as they are excluded from the tariff suspension and are still subject to 30 percent import duty.
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