Philippines: Incentives for electric vehicle production
The new program provides investment and production incentives to support domestic electric vehicle manufacturing and related investments.
The president of the Philippines on July 29, 2026, issued Executive Order No. 121, adopting the electric vehicle incentive strategy (EVIS) program to promote the domestic manufacturing of electric vehicles (EVs), EV parts and components, and to attract investment in the Philippines' EV industry.
The EVIS program provides incentives for qualifying EV manufacturers and assemblers, including:
- Fixed investment support of up to 40% of eligible capital expenditures
- Production volume incentives of up to 12% of the ex-factory vehicle price, subject to a cap of PHP 200,000 per vehicle
To qualify for the program, participants generally must:
- Commit at least PHP 5 billion in investment
- Introduce approved EV models within three years
- Meet specified production and compliance requirements
The executive order became effective immediately upon publication.
For more information, contact a KPMG tax professional in the Philippines:
Leandro Ben M. Robediso | lrobediso@kpmg.com