DTI rolls out P2-B loan for for transport operators’ EV purchases

MANILA, Philippines — The Department of Trade and Industry (DTI) has set up a new P2-billion financing program to support licensed small transport operators and drivers looking to transition to electric vehicles from ones with internal combustion engines. READ: Philippine-made electric vehicles coming soon Through its financing arm, the Small Business Corp., the DTI will begin offering loans of up to P1.5 million per vehicle. This will be available starting April 21 under the e-transport loan initiative. Operators and drivers could borrow as much as P3 million, essentially allowing them to avail of loans for up to two EV purchases. […]... Keep on reading: DTI rolls out P2-B loan for for transport operators’ EV purchases

Go to News Site