PBBM wants to boost e-mobility industry by providing incentives to attract more investors
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NewsTranscript
00:00The government will further strengthen the e-mobility industry in the country.
00:05In a sectoral meeting in Malacanang with the Department of Science and Technology or DOSD,
00:10President Ferdinand R. Marquez Jr. stressed the importance of providing incentives to
00:15potential investors.
00:17According to the chief executive, investment and scaling must be addressed because there
00:22are the most difficult aspects of boosting the sector.
00:26Although local investors will be given importance, the country remains open to anyone who wants
00:31to invest in the industry.
00:33However, focus on production design is paramount.
00:36A strategic roadmap is being created under the Electric Vehicle Industry Development
00:41or EVIDA to develop a policy that will help provide incentives for electric or e-vehicles.
00:47Based on DOSD's latest records, more than 25,000 e-vehicles are registered in the country
00:53and 705 e-vehicle charging stations, providers that have generated over 10,000 jobs and more
01:00than a billion in investment.