Summary
- President Ferdinand Marcos Jr. welcomed Tesla’s entry into the Philippines
- He sees Tesla’s arrival as a significant step in combating climate change
- The Philippines is working to make electric cars more appealing to consumers through various measures
- President Marcos hopes for Tesla to eventually invest in a manufacturing hub in the country
- Tesla’s presence in the Philippines is seen as an investment in Filipino talent and the country’s future in sustainable technology.
Article
Philippine President Ferdinand Marcos Jr. recently welcomed Tesla Inc.’s entry into the Philippines, highlighting the significance of the electric vehicle company’s presence in the country. He emphasized that Tesla’s arrival would contribute to a more environment-friendly transportation system and play a crucial role in the fight against climate change. The president commended the investment made by Tesla, indicating that it reflects the company’s recognition of the potential in the Philippines and its people.
While acknowledging that electric vehicles are currently viewed as premium products, President Marcos Jr. emphasized that Tesla’s entry into the Philippine market signifies a major step towards transforming the transportation system into a more sustainable and eco-friendly one. He praised Tesla for their belief in the country and its potential, expressing gratitude for the investment that extends beyond transportation and infrastructure to the Filipino workforce. The president also shared his vision of Tesla eventually establishing a manufacturing hub in the Philippines, which would further empower the local talent and contribute to the global shift towards sustainable technologies.
Despite being in the early stages, the electric vehicle sector in the Philippines has been bolstered by various government measures aimed at making electric cars more appealing to consumers. These initiatives include the removal of excise taxes on EV batteries, the elimination of tariffs on electric and hybrid vehicles until 2028, and the goal of achieving a 50% market share for EVs by 2040. President Marcos Jr. highlighted the positive impact of Tesla’s presence on environmental sustainability and the workforce, noting that every hire by the company represents an investment in Filipino talent that will drive the transition to sustainable technologies forward.
President Marcos Jr. reiterated the importance of Tesla’s investment in the Philippines, emphasizing that it goes beyond just introducing high-tech cars on the road. He underscored the significance of Tesla’s presence in accelerating the country’s progress towards a more sustainable transportation system and addressing climate change. The president praised Tesla for believing in the potential of the Philippines and its people, indicating that the company’s investment will not only benefit the environment but also empower the local workforce to lead the global shift towards sustainable technologies.
In conclusion, the formal welcome extended by Philippine President Ferdinand Marcos Jr. to Tesla Inc. signifies a significant milestone in the country’s efforts towards promoting electric vehicles and combatting climate change. The president emphasized the importance of Tesla’s investment in the Philippines and its potential to transform the transportation sector into a more eco-friendly and sustainable one. With government support and measures in place to incentivize the adoption of electric vehicles, the Philippines is poised to make significant strides towards achieving its goal of a 50% market share for EVs by 2040. Tesla’s presence in the country is viewed as a catalyst for empowering the Filipino workforce and driving the transition to sustainable technologies.
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