President Marcos highlighted Tesla's arrival as a crucial development towards establishing a more environmentally friendly transportation system in the Philippines, emphasizing its long-term implications for climate change mitigation.
With Tesla's entry, the Philippine EV market is poised for a transformative journey towards sustainability, showcasing significant potential for both the automotive and workforce sectors.
Marcos praised Tesla's investment as more than just a financial commitment; it acknowledges the human capital in the Philippines, empowering local talent for future sustainable technologies.
The government is facilitating EV adoption with tax incentives and ambitious market share goals, aiming for a 50% electric vehicle share by 2040 to support this green transition.
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