E-vehicle manufacturer to set up plant in Clark: DOF

ABS-CBN News

MANILA - An American manufacturer of electric buses and trucks is setting up shop inside the Clark Freeport Zone, according to the Department of Finance. The DOF said Finance Secretary Benjamin Diokno and key government officials witnessed on Tuesday the signing of a lease agreement between Envirotech Vehicles (EVT) and Clark-based developer Berthaphil, Inc. for the establishment of an electric vehicle manufacturing plant in Clark.EVT is a transportation provider and manufacturer of all-electric and zero-emission vehicles, specifically electric and hybrid-electric buses and trucks, the DOF said.“Today’s signing of the lease agreement of Envirotech Vehicles or EVT marks an important first step in our efforts to develop the electric vehicle industry in the Philippines and advance the country’s goal of becoming a regional hub for manufacturing,” Diokno said.The Finance chief added that EVT can benefit greatly from the Philippines’ pool of young, highly-skilled, tech-savvy, and globally competitive workers.The government enacted the Electric Vehicle Industry Development Act last year to boost private sector participation in the EV industry.EVIDA provides fiscal and non-fiscal incentives for manufacturers of electric vehicles in the country.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/01/19/23/electric-vehicle-tariff-rates-temporarily-cut-to-zero">Tariff rates on electric vehicles cut to zero temporarily on Marcos order</a></li>	<li><a href="https://news.abs-cbn.com/business/02/01/23/electric-car-sales-gain-pace-despite-hurdles">Electric car sales gain pace despite hurdles</a></li></ul>

An American manufacturer of electric buses and trucks is setting up shop inside the Clark Freeport Zone, according to the Department of Finance. 

E-vehicle manufacturer to set up plant in Clark: DOF | ABS-CBN

Entertainment

News

Metro.Style

Sports

More

Business

E-vehicle manufacturer to set up plant in Clark: DOF

E-vehicle manufacturer to set up plant in Clark: DOF

ABS-CBN News

Published Mar 28, 2023 09:36 PM PHT

Read More:

electric vehicle

EV

Clark Freeport Zone

EVT

electric bus

Diokno

DOF

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

Terms of Service

Advertise with Us

© 2024 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Advertise with Us

Privacy Policy

Terms of Service

© 2024 ABS-CBN Corporation. All Rights Reserved.