The Philippines is embracing a greener future for transportation, and the Electric Vehicle Industry Development Act (EVIDA Law), or Republic Act 11697, is a significant step in this direction. Enacted on April 15, 2022, this law establishes the framework for electric vehicle (EV) operations in the country, directly addressing rising fuel costs and promoting eco-friendly vehicle adoption. For car owners in the Philippines considering a shift towards sustainable mobility, understanding how this law impacts hybrid vehicles and specifically, “Hybrid Car Philippines Coding” is crucial.
One of the most immediate benefits of the EVIDA Law for hybrid car owners is the full exemption from the number coding scheme. This exemption is a game-changer, eliminating the need for multiple vehicles to navigate Metro Manila’s traffic restrictions. Hybrid vehicles, which combine a traditional engine with an electric motor, are now recognized for their reduced emissions and contribute to easing traffic congestion. This coding exemption translates to greater convenience and mobility for hybrid car owners across the Philippines.
Beyond coding exemption, the EVIDA Law provides further incentives. Hybrid vehicle owners are also granted priority parking in various establishments. Designated parking spaces for EVs and hybrids acknowledge their role in promoting cleaner transportation. Furthermore, the law streamlines vehicle registration and renewal processes, saving owners time and effort. No more lengthy queues for these essential tasks.
Financially, the EVIDA Law offers considerable advantages. While full battery EVs enjoy complete excise tax exemption, hybrid vehicles receive a significant 50 percent exemption under the TRAIN Law (Tax Reform for Acceleration and Inclusion Law). These tax breaks, combined with fuel savings from hybrid technology, make owning a hybrid car an increasingly economical choice in the Philippines.
The EVIDA Law signals a commitment to environmental sustainability and offers practical benefits to those adopting hybrid technology. The “hybrid car philippines coding” exemption is just one of the many ways the law encourages a shift towards greener mobility and a fossil fuel-free environment in the Philippines. By choosing a hybrid vehicle, Filipinos can enjoy both cost savings and contribute to a more sustainable future.
