« Wind energy capacity grows 35% in US | Main | Databases for free »
January 30, 2006
Philippines offers zero tariffs for alternative energy vehicle components
Amid rising oil prices Philippine government has imposed zero tariff on accessories for the assembly of hybrid. electric, flexible fuel and CNG motor vehicles.
Philippine president Gloria Macapagal-Arrovo earlier established a target of 5% reduction in fuel consumption.
While such a move which is certainly a good start won't make that much of difference because tariffs for auto parts range today between 1% and 3% for regular motor vehicle components from most favored nation status countries.
Posted by admin at January 30, 2006 05:35 AM