The Palace announced that President Rodrigo R. Duterte has signed into law a law managing and developing the Philippines’ electric vehicle (EV) industry, including quotas for their adoption by various businesses.
On April 15, Republic Act No. 11697 was signed, which establishes the regulatory framework for the manufacture and deployment of electric vehicles. Its primary policy goal is to promote the industry as a “feasible mode of transportation reducing fossil fuel dependence.”
Cargo logistics, food delivery companies, tour agencies, hotels, power utilities, and water utilities have all been assigned a 5% EV quota for their fleets, whether owned or leased, on a timeline specified by an industry roadmap.
The roadmap will include an annual work plan to accelerate the development, commercialization, and deployment of electric vehicles, and will emphasize the importance of designated parking spots for EVs and charging stations.
The Department of Energy is in charge of promoting electric vehicles and the creation of charging stations and associated infrastructure.
According to the law, businesses with 20 or more allocated parking spaces must set aside 5% of their area for electric vehicles and provide charging stations.
Ordinary vehicles are mostly affected by rising oil prices, but EVs, which are not dependent on diesel or gasoline, may help ease such concerns. – WhatALife!
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