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Alternative Fuel Vehicles Incentives Act (SB 2856)

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Here is a breath of fresh air for us looking for environmentally friendly ride.

The Alternative Fuel Vehicles Incentives Act (SB 2856) aims to encourage use of electric or hybrid cars in the country.

- Reduce the price of electric or hybrid cars by eliminating/lowering most taxes imposed on their manufacture (excise taxes and VAT).
- Encourage customers to buy them by the following:
- Libreng registration
- Walang 'coding' use your car all day of the week
- Free parking - this law mandates building owners to provide free parking to eco-friendly cars


:nod:

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