- Philippines Electric Vehicle Incentive Strategy EVIS Program strengthens local EV manufacturing.
- Fiscal incentives encourage long-term domestic electric mobility investments.
The Philippines has officially launched the Electric Vehicle Incentive Strategy (EVIS) Program through Executive Order No. 121, signed by the President on July 29, 2026. The initiative introduces fiscal support measures designed to accelerate domestic manufacturing of hybrid and battery electric vehicles, while also promoting the production of electric vehicle parts and components. The policy is intended to strengthen the country's automotive manufacturing base and encourage greater investment in the local electric mobility ecosystem.
EVIS Program Offers Investment And Production Incentives
Manufacturers that qualify under the program may register up to two electric vehicle models for incentives. The support package includes Fixed Investment Support (FIS), which assists companies investing in manufacturing facilities, and Production Volume Incentives (PVI), which reward eligible manufacturers based on local production volumes. These measures are structured to encourage sustained investments and expand domestic vehicle manufacturing capacity.
Eligibility Requirements For Participating Manufacturers
Companies joining the EVIS Program must make new investments, commit at least PHP 5 billion in capital expenditure, achieve specified production targets, and introduce locally manufactured hybrid or battery electric vehicle models within three years of registration. Rather than receiving direct cash assistance, participants will be issued Tax Payment Certificates that can be applied toward selected national taxes and import duties.
EVIS Incentive Allocation Summary
| Program Element | Details |
|---|---|
| Maximum Incentive Pool | PHP 60 billion |
| Maximum Incentive Per EV Model | Up to PHP 15 billion |
| Eligible EV Models | Up to two models per manufacturer |
| Minimum Capital Commitment | PHP 5 billion |
| Form Of Incentive | Tax Payment Certificates |
Implementation And Oversight Framework
The program provides a maximum incentive ceiling of PHP 60 billion, with up to PHP 15 billion available for each enrolled electric vehicle model, subject to the annual budget process. Implementation will be supervised by the Board of Investments, supported by an inter-agency committee comprising the Department of Finance, Department of Energy, Department of Transportation, and Department of Budget and Management. Together, these agencies will oversee compliance, investment commitments, and program administration to ensure the initiative supports the country's long-term automotive manufacturing objectives.
Frequently Asked Questions
What is the Philippines Electric Vehicle Incentive Strategy EVIS Program?
The Philippines Electric Vehicle Incentive Strategy EVIS Program is a government initiative established through Executive Order No. 121 to encourage domestic production of hybrid and battery electric vehicles. It provides Fixed Investment Support and Production Volume Incentives to qualified manufacturers through Tax Payment Certificates instead of cash grants. Eligible companies must meet investment, production, and localization requirements while introducing locally manufactured EV models within three years of registration.
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