Philstar.com·3 min read·medium
Marcos issues new policy to boost local EV manufacturing
R
Renalyn Ramirez
✦AI Summary
Philippine President Ferdinand Marcos Jr. has issued an executive order to boost the local electric vehicle industry through the Electric Vehicles Incentives Strategy program. The policy aims to reduce fossil fuel dependence and meet emission targets by encouraging local manufacturing and foreign investment.
MANILA, Philippines - President Ferdinand Marcos Jr. issued Executive Order No. 121 on Thursday, July 30, to develop the country's local electric vehicle (EV) manufacturing industry.
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