The Department of Energy (DoE) advocated for tax incentives for e-motorcycles to combat carbon emissions, emphasizing their pivotal role in transitioning to electric vehicles (EVs).
DoE science research specialist Andre Reyes underscored the necessity to expand tax breaks outlined in Executive Order No. 12 series of 2023 to include e-motorcycles, currently subjected to a 30 percent tariff rate.
Reyes stressed that the proposed coverage expansion would incentivize consumers to shift to EVs, fostering energy self-sufficiency and efficiency.
Data from the DoE highlighted the environmental benefits of e-motorcycles, including a reduction of approximately 8.5 kilograms of carbon dioxide emissions compared to internal combustion engine (ICE) motorcycles. Moreover, e-motorcycles are more cost-effective, consuming only P0.34 per kilometer and saving 1.72 liters of fuel compared to ICE counterparts.
The DoE aims to bolster the country’s EV fleet by 50%, equivalent to an additional 2.4 million units. With motorcycles constituting the most prevalent vehicles, totaling 7.81 million registered vehicles in 2022, the transportation sector’s emissions remain a significant concern.
Statista data revealed that the sector alone emitted 35.42 million tons of carbon dioxide in 2022, exacerbating climate change.
The proposed tax incentives for e-motorcycles signify a strategic step towards mitigating carbon emissions and advancing EV adoption in the Philippines.
Source: PhilNews24 | April 2, 2024
