04/08/2026
The government is investing ₱60 billion to support local makers of electric cars and batteries 🚗🔋
President Bongbong Marcos signed Executive Order No. 121 to establish a P60 billion electric vehicle incentive strategy promoting local manufacturing and reducing fossil fuel reliance.
Executive Order No. 121 adopts the Electric Vehicle Incentive Strategy Program to offer time-bound and performance-based fiscal support totaling up to P60 billion for local manufacturing of electric vehicles and components.