Philippines Legislator Proposes Tax Incentives on Imported Hybrid Cars and Parts
Manila, Philippines (AHN) - Ilocos Sur Rep. Ronald V. Singson has filed a bill seeking to grant tax incentives to importers and manufacturers of fuel-saving hybrid cars to make it more affordable and available to Filipinos. Singson said automotive companies in the country are considering the importation and manufacture of hybrid cars, but "hybrid cars cost $5,000 more than a normal vehicle."
"Carmaker companies are willing to invest if only the government will grant importers and manufacturers special incentives like duty-free and tax-free importation of parts and components of the vehicle," Singson added.
According to Singson, duty-free and tax free importation of parts will make hybrid car assembly competitive with the production of normal gas fuel cars. "Hybrid cars are durable, low polluting and consume less gasoline than convention cars with pure internal combustion engine," Singson said.
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