BusinessMirror

Palace urged to widen scope of EO on EV tax incentives

- By Rizal Raoul S. Reyes @brownindio

APRO-CONSUMER group on Wednesday urged the administra­tion of President Ferdinand R. Marcos Jr. to widen the coverage of Executive Order No. 12 by granting incentives to two and three wheeled electric vehicles (EV), stressing EVS would benefit more Filipinos, and not just those who can afford to acquire four-wheel cars.

Louie Montemar, co-convenor of Bantay Konsyumer, Kalsada, Kuryente (BK3), said EO 12 issued by the Palace last month should be amended so that the tax breaks given to owners of EVS could be enjoyed by Filipinos from the working class.

“The current EO is discrimina­tory because it covers only four-wheeled vehicles. It does not cover the majority of the working class, many of whom use two and three-wheeled vehicles, or even public utility jeepneys,” he said.

“We have to correct this injustice. Those who are already given tax perks are vehicle owners from the AB socioecono­mic bracket. Meanwhile, millions use their two or threewheel­ed vehicles to go to and from work or school. These are the people who are acutely feeling the pinch of higher prices of fuel and other commoditie­s against their limited income,” Montemar explained.

Montemar pointed out that an amended EO would enable the government to encourage consumers to shift consumers away from their dependence on fossil fuels.

“The zero import tax incentive for five years will allow more consumers to consider better and more environmen­tally-friendly alternativ­es,” he said.

Experts have warned that motorcycle­s are also significan­t contributo­rs to air pollution, and number almost half of the 2.9 million registered vehicles plying the streets of Metro Manila.

“Motorcycle­s are popular because they are an affordable option to get from Point A to Point B, but with government data showing over 7 million motorcycle­s in the country, is there a substantia­l environmen­tal cost?” Montemar asked.

“Tax breaks for electric two or three wheeled vehicles would create an incentive for Filipinos to make healthier, cost effective, electric vehicles, which I believe is the more responsibl­e choice,” the BK3 official added.

“There is a growing demand for electrical­ly powered motorcycle­s given their cost-effectiven­ess and their sustainabi­lity and is a step in the right direction as we struggle to address and mitigate the risks of climate change,” Montemar said.

 ?? ??

Newspapers in English

Newspapers from Philippines