The NEDA Board of Directors approves the EO and PPP E-Vehicle Rules

The board of directors of the National Economic and Development Authority (NEDA) has approved an executive order (EO) to amend tariffs on electric vehicles (EVs) along with guidance on addressing public-private partnership (PPP) proposals, the agency announced Thursday.

“In its first meeting under the administration of President Ferdinand Marcos Jr., the NEDA Board of Directors approved the adjustment of tariff rates on certain electric vehicles such as passenger cars, buses, minibuses, vans, trucks, motorcycles, tricycles, scooters and bicycles, among others, including This includes parts and components of electric vehicles.

The EO will temporarily lower the most favored nation’s tariff rates on all-vehicle EV units, excluding hybrid-type vehicles, to zero percent for five years. Tariffs on certain electric vehicle parts and components will also be reduced to 1 percent from 5 percent for a period of five years, to be revised one year after implementation.

“The employers’ organization aims to broaden market sources and encourage consumers to consider purchasing electric vehicles, improve energy security by reducing dependence on imported fuels and promote the growth of the domestic electric vehicle industry ecosystem,” NEDA said.

The approved NEDA Guidelines on Processing Public-Private Partnership Proposals, meanwhile, aims to coordinate reviews and approvals of the NEDA Board of Directors and the Investment Coordinating Committee (ICC), including the preparation and submission of projects by government agencies with the joint evaluation of the NEDA Secretariat and the PPP Center . Department of Finance.

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The guidance, issued pursuant to Section 2.10 of the 2022 Revised Implementation Rules and Regulations of the BOT Act, includes an updated list of documentary requirements for required and unsolicited PPP proposals.

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

These are identified as:

– Philippine Fisheries and Coastal Resilience Project of the Department of Agriculture – Bureau of Fisheries and Aquatic Resources at a cost of P11.42 billion to improve management of fisheries resources and enhance production values ​​in selected fisheries management areas;

– A request from the Department of Transportation (DoTr) to use the savings, scale change and loan validity extension for the first phase of the Maritime Safety Capacity Improvement Project;

– Another DoA request for a 19-month loan extension for the new Communications, Navigation, Control/ATM Systems Development Project;

– Department of Public Works and Highway (DPWH) request to extend the 12-month implementation period and loan validity of the Summer Pacific Coastal Highway project;

– DPWH requested to change the scope of works, increase the cost and reallocate the contingency cost to the category of civil works for integrated disaster risk reduction and climate change adaptation measures in the low-lying areas of the Pampanga Bay project; And the

– Request to change the scope of the capacity building project of the Philippine Competition Commission for the Promotion of Competition.

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