NEDA Board approves e-vehicle EO, PPP rules

THE National Economic and Development Authority (NEDA) Board has approved an executive order (EO) modifying tariffs on electric vehicles (EVs) along with guidelines on the processing of public-private partnership (PPP) proposals, the agency announced on Thursday.

"In its first meeting under the administration of President Ferdinand Marcos Jr., the NEDA Board endorsed the EO modifying tariff rates on certain EVs such as passenger cars, buses, minibuses, vans, trucks, motorcycles, tricycles, scooters and bicycles, among others, including EV parts and components," the NEDA said.