MANILA, Philippines — President Ferdinand R. Marcos Jr. has signed an executive order establishing the Electric Vehicle Incentive Strategy (Evis) program, a P60-billion package of fiscal incentives aimed at accelerating the local manufacture of electric vehicles (EVs), attracting investments, and positioning the Philippines as a regional automotive manufacturing hub. Executive Order No. 121, signed on July 29 but was only published on the Official Gazette website on Thursday, carries a P60-billion budget for up to four manufacturers, each eligible for incentives of P15 billion. “The program seeks to create more jobs, attract new investments, strengthen local manufacturing, reduce the country’s dependence […]...Keep on reading: Marcos signs EO 121 creating P60 billion EV incentive package