The Philippine government is finalizing a P60-billion fiscal incentive package under its proposed Electric Vehicle Incentive Strategy (EVIS), aiming to accelerate investments in next-generation automotive manufacturing.
President Ferdinand Marcos Jr. on Thursday unveiled a package of transport support measures to cushion commuters and public utility vehicle (PUV) operators from the impact of surging global oil prices, amid renewed tensions in the Middle East.
The decision to scrap the Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) program has drawn a measured response from Toyota Motor Philippines Corp. (TMP), the country’s largest vehicle assembler, which had been preparing for the initiative’s rollout as early as last year.
AC Mobility said the shift to electric mobility in the Philippines is gathering pace as the company ramps up investments in infrastructure critical to supporting broader electric vehicle (EV) adoption.
The Philippine Airlines (PAL) will resume its flights between Manila and Riyadh starting Friday, April 10, 2026, following recent developments in the Middle East.