House approves second reading of bill for electric, hybrid vehicles

One step closer to realization
Mar 19, 2012

TopGear.com.ph Philippine Car News - House approves second reading of bill for electric, hybrid vehicles

While Sen. Ralph Recto is confident his colleagues in the Senate will pass his Alternative Fuel Vehicles Incentive Act of 2011 later this year, his fellow lawmakers have just approved on its second reading a counterpart bill in the House of Representatives.

House Bill (HB) 5460 consolidates HBs 01, 4794, 5139 and 5161 and lays down the groundwork for the widespread use of hybrid and alternative-fuel vehicles in the Philippines by providing incentives for the manufacture, assembly, conversion and importation of electric, hybrid and other alternative-fuel vehicles.

Like its counterpart bill in the Senate, HB 5640 seeks to give the manufacturers and assemblers of completely knocked-down parts of electric, hybrid and other alternative-fuel vehicles--including the conversion of internal combustion-powered vehicles to alternative-fuel vehicles--a nine-year exemption from the payment of excise taxes and duties. The same exemption also applies not only to the importation of raw materials, spare parts, components and capital equipment used in the manufacture or assembly of electric, hybrid and other alternative-fuel vehicles but also the conversion of vehicles into electric, hybrid and other alternative-fuel vehicles.

In addition, the value-added tax imposed on the sale of raw material, spare part, components and capital equipment used in the manufacture or assembly of electric, hybrid and other alternative-fuel vehicle, including the conversion into such vehicles, shall be suspended for nine years.

Where HB5460 differs from the Senate's Alternative Fuel Vehicles Incentive Act of 2011 is that the former only exempts the importers of completely-built units of electric, hybrid and other alternative-fuel vehicles exempts from the payment of excise taxes and duties for four years compared to the latter's nine years.

Continue reading below ↓

Photo from Honda

WE RECOMMEND
MORE FROM THE SUMMIT MEDIA NETWORK
SPONSORED CONTENT
  • Quiz Results

  • TGP Rating
    --/20
    Engine
    --
    Power
    --
    Torque
    --
    Transmission
    --
    Fuel
    --
    1.8 E CVT
    Starts at P1,110,000
    TGP Rating:
    --/20
    Pros
    Light on amenities, Honda kept styling it long after it was done.
    Cons
    Light on amenities, Honda kept styling it long after it was done.
    Verdict
    Honda’s winningest combination comes when you opt for a six-speed manual transmission available in the Civic hatchback Sport, in which …
    Learn More
  • TGP Rating:
    /20

    Starts at ₱

    TGP Rating:
    /20
    Starts at ₱