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More incentives for local auto makers sought
The Philippine Star
|November 21, 2024
The government is pushing for the passage of a bill that seeks to strengthen local vehicle manufacturing by providing increased support.
Speaking at the Board of Investments' Auto Reverse Trade Fair yesterday, Cagayan de Oro Rep. Rufus Rodriguez said that while there are existing measures and initiatives for vehicle manufacturing like the inclusion of automotive manufacturing in the Strategic Investments Priority Plan and BOI's ongoing work on the Electric Vehicle Incentive Strategy, there is opportunity for the legislature to put in place a more permanent measure that will address issues affecting the automotive industry.
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