Thursday, June 4, 2026
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Electric Vehicle Incentive Strategy (EVIS)

CAMPI hopes gov’t will reconsider RACE program

The domestic automotive industry has not given up hope that the government will still consider pursuing a performance-based incentive program or retain the reportedly...

Incentive program for local manufacturing of ICE vehicles pushed

The domestic automotive manufacturing industry is appealing for a parallel incentives scheme to support traditional or internal combustion engine (ICE) vehicle production, particularly for...

VinFast has no plan of joining EVIS program

VinFast has no plans to participate in the Philippines’ Electric Vehicle Incentive Strategy (EVIS), an incentive-driven program aimed at attracting investments in EV manufacturing,...

More firms want to join the EV manufacturing program – BOI

Aside from the Mitsubishi Motor Corp. (MMC), Trade and Industry Undersecretary Ceferino S. Rodolfo said there are other seriously interested investors that are considering...

EVIS requirements could be eased to attract more investors – TMP Chairman

Toyota Motor Philippines (TMP) said some conditions may need to be relaxed for the government to attract more participants to the planned Electric Vehicle...

BOI seeks FIRB nod for EVIS; bigger gov’t budget may be needed

The Board of Investments (BOI) is currently undergoing an approval process with the Fiscal Incentives Review Board (FIRB) to fast track the release of...

Auto parts makers say RACE,  EVIS are critical steps to sustain automotive manufacturing

The Philippine automotive industry received a welcome boost this week after the government confirmed it has finalized a funding solution for the Comprehensive Automotive...

DTI’s electric vehicle incentive strategy sets lofty economic targets

The Electric Vehicle Incentive Strategy (EVIS) of the Department of Trade and Industry (DTI) has set lofty economic targets, including influx of PHP120 billion...
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