00:00 The President again reduced the incentives to deceive the public to use electric vehicles and reduce pollution in the country.
00:10 Maris Umali pointed that out.
00:12 These three vehicles are the electric vehicles launched by two companies in the country earlier.
00:22 One of these was driven by President Bombom Marcos.
00:25 The President said that the incentive to use electric vehicles is part of the country's commitment to the Paris Agreement
00:33 to reduce the projected gas emissions by 75% by 2030.
00:51 The government has also reduced the use of electric vehicles in the country by 50% by 2040.
00:58 That's why there are incentives for the individuals and companies that will use them.
01:02 Owners will also get to enjoy exemption from the number coding schemes amongst others.
01:09 We offer fiscal incentives such as the income tax holiday and duty exemption of capital equipment, raw materials and spare parts used in electric vehicles.
01:23 On Thursday, President Bombom Marcos will travel to Saudi Arabia to attend the first ever Asian Gulf Cooperation Council or GCC Summit.
01:32 Part of the discussion could be the presentation of the Maharika Fund to the Kingdom of Saudi Arabia and its businesses.
01:43 The protection of Filipinos abroad, including labor relations and some other issues such as the Middle East will also be discussed.
01:52 President Marcos will also hold a bilateral meeting in Saudi Arabia where he will discuss the payment of the previous OFWs that were not given.
02:03 For GMA Integrated News, Maris Umali, KTOTALK 24 Hours.
02:09 [music]
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