NEDA Board Approves EO and PPP E-Vehicle Regulations

The National Economic and Development Administration (NEDA) Board approved an executive order (EO) to change electric vehicle (EV) tariffs, as well as guidelines for processing public-private partnership (PPP) proposals, the agency said on Thursday.

“At its first meeting, chaired by President Ferdinand Marcos Jr., the NEDA Board approved the change in tariff rates for certain electric vehicles such as cars, buses, vans, vans, trucks, motorcycles, tricycles, scooters and bicycles, among others. , including parts and components for electric vehicles,” NEDA said in a statement.

EO will temporarily reduce MFN rates for fully assembled electric vehicles, excluding hybrid vehicles, to zero percent for five years. Tariffs on some electric vehicle parts and components will also be reduced to 1% from 5% for five years, to be revised after one year of implementation.

“EA aims to expand market sources and encourage consumers to consider purchasing electric vehicles, improve energy security by reducing dependence on imported fuel, and promote the growth of the domestic electric vehicle industry ecosystem,” NEDA said in a statement.

The NEDA Approved Guidelines for Processing PPP Proposals, meanwhile, aim to harmonize reviews and approvals by the NEDA Board and the Investment Coordination Committee (ICC), including preparation and submission by government agencies of projects with joint evaluation by the NEDA Secretariat, the PPP Center and the Department of Finance.

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The guidelines, issued pursuant to Section 2.10 of the Revised Implementation Rules and Regulations of the Construction, Operation and Transfer Act of 2022, also include an updated list of documentation requirements for solicited and unsolicited PPP proposals.

Also on Thursday, one new ODA-funded project and changes to five ongoing projects were approved.

They have been identified as:

– Philippine Department of Agriculture and Bureau of Fisheries and Aquatic Resources Fisheries and Coastal Resilience Project, worth 11.42 billion pesos, to improve fisheries management and increase production value in selected fisheries management areas;

– Department of Transportation (DoTr) Request for Savings, Resizing and Extending the Loan Period for Phase I of the Maritime Safety Capacity Building Project;

– Another DoTr request for a 19-month loan extension for a project to develop new communication, navigation, surveillance/air traffic control systems;

– Request from the Department of Public Works and Highways (DPWH) for a 12-month extension of the implementation period and duration of the loan for the Samara Pacific Coastal Road project;

– DPWH request for scope change, cost increase and contingency reallocation to civil works for the Integrated Disaster Risk Reduction and Climate Change Adaptation in Low-lying Pampanga Bay project; as well as

– Request for rescaling the project of the Philippine Competition Commission on Capacity Building for Competition Promotion.