emirates7 - An initial 500 taxi units, all electric vehicles (EVs), have been flagged off on Tuesday (March 24), as part of a 2,500-unit phased rollout of electric EVs as part of a raft of measures to cushion the knock-on effects of the current global oil supply crunch.
Green Xentro CEO Noel Ignacio said the electric taxis will serve the Greater Manila area, and would assure a more affordable, cleaner transport for the riding public, insulated from suddent pricing surges.
The group's charging infrastructure is also being expanded across the metropolis.
The rollout of EV taxis made by Vietnam's VinFast comes under a strategic partnership with the global mobility platform Green GSM.
This marks one of the largest BEV taxi rollouts in the Philippines to date, as well as the first large-scale implementation of a partner-led expansion model designed to accelerate electric mobility adoption across emerging markets.
Oil emergency powers approved
Meanwhile, President Ferdinand R. Marcos Jr. has signed emergency powers legislation on Wednesday (March 25) allowing him to suspend — or reduce — excise taxes on fuel products, to ease the burden on consumers from war-induced oil price spikes.
Meanwhile, the chief executive has also directed the release of a ₱20 billion $333 million) "emergency fund" to secure the country’s fuel supply.
Policy moves
These moves form part of a range of policy levers to curtain the economic impacts of price increases amid the global oil crisis, the Department of Budget and Management (DBM) said on Wednesday.
The DBM stated that the funds will be released through a Special Allotment Release Order (SARO) and a Notice of Cash Allocation (NCA) to the Department of Energy (DoE) to support its efforts to shield Filipinos from the impact of the oil crisis caused by the conflict in the Middle East.
The president on Wednesday has also stated that the country has 45 days of fuel supply "secured", while the Department of Energy tries to source more fuel from countries like Japan, China, South Korea, and Russia.
The fuel excise tax cut follows swift congressional approval of the bill.
'Immediate relief'
The move is expected to offer immediate relief to Filipino drivers and businesses hammered by high fuel costs.
Tax relief eases short-term pain for a nation highly reliant on imported fossil fuel.
With transport the biggest oil consumer worldwide, and as oil volatility returns, countries like the Philippines face a crossroads: temporary tax breaks or accelerated adoption of EVs.
Green Xentro CEO Noel Ignacio said the electric taxis will serve the Greater Manila area, and would assure a more affordable, cleaner transport for the riding public, insulated from suddent pricing surges.
The group's charging infrastructure is also being expanded across the metropolis.
The rollout of EV taxis made by Vietnam's VinFast comes under a strategic partnership with the global mobility platform Green GSM.
This marks one of the largest BEV taxi rollouts in the Philippines to date, as well as the first large-scale implementation of a partner-led expansion model designed to accelerate electric mobility adoption across emerging markets.
Oil emergency powers approved
Meanwhile, President Ferdinand R. Marcos Jr. has signed emergency powers legislation on Wednesday (March 25) allowing him to suspend — or reduce — excise taxes on fuel products, to ease the burden on consumers from war-induced oil price spikes.
Meanwhile, the chief executive has also directed the release of a ₱20 billion $333 million) "emergency fund" to secure the country’s fuel supply.
Policy moves
These moves form part of a range of policy levers to curtain the economic impacts of price increases amid the global oil crisis, the Department of Budget and Management (DBM) said on Wednesday.
The DBM stated that the funds will be released through a Special Allotment Release Order (SARO) and a Notice of Cash Allocation (NCA) to the Department of Energy (DoE) to support its efforts to shield Filipinos from the impact of the oil crisis caused by the conflict in the Middle East.
The president on Wednesday has also stated that the country has 45 days of fuel supply "secured", while the Department of Energy tries to source more fuel from countries like Japan, China, South Korea, and Russia.
The fuel excise tax cut follows swift congressional approval of the bill.
'Immediate relief'
The move is expected to offer immediate relief to Filipino drivers and businesses hammered by high fuel costs.
Tax relief eases short-term pain for a nation highly reliant on imported fossil fuel.
With transport the biggest oil consumer worldwide, and as oil volatility returns, countries like the Philippines face a crossroads: temporary tax breaks or accelerated adoption of EVs.
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