E-vehicle incentives bill now in Senate's hands
MANILA, Philippines – Proponents of a bill that will provide incentives for alternative-fuel vehicles are pushing for its approval by the Senate after the measure hurdled the House of Representatives.
Senate Bill 2856, known as the Alternative Fuel Vehicles (AFV) Incentives bill, seeks to promote the widespread use of hybrid and alternative-fuel vehicles by reducing the price of electric vehicles by at least 30%.
It aims to provide tax breaks and institutional support to the consumers and to the developing sunrise industry.
In a press statement, Red Constantino, director of energy solutions think-tank Institute for Climate and Sustainable Cities, said the bill is not only about environment-friendly vehicles but also about “green jobs and energy security.”
"The House has done its part and its now up to the Senate to steer the AFV bill past the finish line," Constantino said.
The AFV bill, sponsored by Senator Ralph Recto, carries provisions similar to House Bill 5460, which was passed last March.
"The AFV bill is a brilliant initiative, because it encourages competition and innovation, it supports local industries and promotes national independence - independence particularly from fossil fuels. We see the heart of the esteemed statesman Don Claro M. Recto in this bill and the modern mind of his grandson, Sen. Ralph Recto," Constantino added.