Manila’s planned incentives for electric vehicles (EV) will help attract Korean EV manufacturers, according to the president of the Korean Chamber of Commerce of the Philippines.
Joseph Um, President of the Korean Chamber of Commerce of the Philippines stressed the Philippine government’s planned incentives for EV will help in attracting EV manufacturers in Korea.
According to earlier local news reports, the government is “looking to incentivize the manufacture of 4 million EV units in the next 10 years.” DTI Undersecretary for Competitiveness and Innovation Group Rafaelita Aldaba said the agency would provide two types of support, which she said would not only be directed on the supply side, but on the demand side as well.
The American Chamber of Commerce of the Philippines also said last week that it backs the government’s plans of giving more incentives to both manufacturers and consumers of EVs, noting that the country should take advantage of the law on EVs. “At that time, future-oriented pa ang electric vehicles; pero ngayon, nandiyan na talaga si EVs,” Rodolfo said at a news briefing last Friday.
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