SBN-538 Green Vehicles Incentives Act
An Act Providing Incentives for the Manufacture, Assembly, Conversion and Importation of Green Vehicles, and for Other Purposes
Green Vehicle is defined in this bill as a vehicle that is considered to be environmentally friendly and have less of a damaging impact on the environment than conventional cars; it uses clean energy sources to fuel its engine, such as but not limited to: electric vehicle, hybrid vehicle, solar, wind, hydrogen fuel cell, compressed natural gas (CNG) or liquefied natural gas (LNG), methane and liquefied petroleum gas (LPG). The bill providesfor incentives to manufacturers, assemblers, importers, and users of Green Vehicles, including exemption from payment of MVUC, and other non-fiscal incentives such as priority in the registration and issuance of plate number, priority in franchise application, exemption from UVVRP, and provision for free parking spaces in new establishments.
Author: Zubiri, Juan Miguel
Date: July 16, 2019