- Roque serves as the Trade Secretary of the Department of Trade and Industry while global uncertainties impact Philippine exporters.
- DTI intensifies efforts to transform the coconut industry in the Philippines, led by Secretary Cristina Roque.
Philippines Targets EVIS Finalization, Offering P60 Billion in Manufacturing Incentives
What happened
The Department of Trade and Industry is aiming to finalize the Electric Vehicle Incentive Strategy (EVIS) implementing rules by the end of October 2026. Under the program, the government plans to encourage local electric vehicle manufacturing by providing incentives totaling up to P60 billion. Cristina Roque, who chairs the Board of Investments, is currently consolidating input from the Inter-Agency Committee on Electric Vehicles.
From philstar.com
Why it matters
The EVIS program is designed to stimulate local EV production in the Philippines. The incentives will be allocated across four specific vehicle models, with up to P15 billion available for each. This initiative is part of the government's effort to transform key industries.
The Department of Trade and Industry is intensifying efforts to transform the coconut industry in the Philippines, led by Cristina Roque, while global uncertainties impact Philippine exporters.
From philstar.com
Who's involved
- Department of Trade and IndustryDepartment leading the finalization of the EVIS rules and incentives.
- Cristina RoqueTrade Secretary and chair of the Board of Investments driving the EVIS finalization.
- Department of FinanceMember of the IAC-EV reviewing the fiscal impact of the incentives.
- Department of EnergyMember of the IAC-EV coordinating policy for EV manufacturing and energy needs.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- PhilippinesSpeculative
The Philippines might see increased investment in local EV manufacturing due to the P60 billion incentive program.
- Department of EnergySpeculative
The Department of Energy may coordinate policy changes related to EV manufacturing and energy requirements.
Keep exploring
The entities involved
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Department of Trade and Industry
1970–2007 department of the United Kingdom government
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Roque
Brazilian footballer
Nothing else this week.
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Marcos
Indonesian politician (born 1985 in Jakarta)