MANILA, Philippines — President Ferdinand Marcos Jr. slams Elon Musk, the navy who helped bring Donald Trump to the United States, to the Philippines as a production site for his electric vehicle (EV) activities,,,,,,,,,
Marcos consulted the new Tesla Center of 1,900 square meters in the city of Taguig on Monday 1/24. 20, two months after the Electric Vehicle company owned by Musk was established in Manila. Motors Philippines is a Tesla subsidiary, quoted in Nasdaq, Inc.
“Tesla’s resolution to invest in the Philippines is a popularity of the of our country, supported through avant-garde policies and a collective determination to innovate,” said Marcos in his speech.
“We mistakenly hope that Tesla can only one day to make her cars in the Philippines,” he added.
Tesla is one of the companies of Musk, who is now among the powerful businessmen in the US. He also bought Twitter (now called “X”) for $44 billion in 2022 and owns space company SpaceX, and founded its subsidiary, Starlink.
After donating millions of dollars to help Trump’s campaign, Musk hand-picked through the president-elect to lead a proposed new company: the “Department of Government Effectiveness. “
Tesla opened its fourth showroom in Southeast Asia along Uptown Parade in Bonifacio Global City last November, making available Tesla models 3 and Y in the country for just over P2 million. The other stores are located in Malaysia, Thailand, and Singapore.
Tesla representatives The first orders from the Philippines will arrive in early 2025.
Marcos promoted the country’s efforts on Monday to inspire the public to electric cars for a more “sustainable” mode of personal transport.
For instance, the Tax Reform for Acceleration and Inclusion (TRAIN) Act removes excise taxes on battery EVs. The Electric Vehicle Industry Development (EVIDA) Act also provides that charging stations be imported into the country duty-free.
“While it is true that electric cars are lately premium products, Tesla’s access to the Filipino [market] points much more than high -tech cars on the road,” Marcos said.
“This is a step, a very step towards our long -term transformation to a more suitable shipping formula for the environment. “
The Philippines has a goal — to have electric vehicles have 50% market share in the country by 2040. Although industry authorities are not expecting EV sales in 2024 to reach 10% of total vehicle sales in the country. – Rappler.com
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