Connect with us

Hi, what are you looking for?

Economy

Nissan seeks gov’t support in plan to bring in EVs

NISSAN PHILIPPINES, Inc. is planning to introduce its electric vehicle (EV), the Nissan Leaf, to the local market this year.

Nissan Philippines President and Managing Director Atsushi Najima said at an online press conference on Thursday that the company is still at the stage of educating the Filipino market about electric vehicles.

“We have customer needs already so that’s why we want to go with Leaf introduction within this calendar year,” he said.

Mr. Najima said the firm is working with government agencies for potential support as it imports electric vehicles.

“Originally, import duty of EV is some percentage, but for gasoline engine or diesel engine is much lower import rate so that’s why we are asking if future of mobility is the EV, can we get government support.”

The recently imposed additional safeguard duties on imported cars exempt electric vehicles.

Nissan Philippines announced that it will shut its Almera assembly in Laguna by March, and will continue to sell to the country through its regional network. Mr. Najima said that the closure is not related to the safeguard duties or the pandemic, but is part of a global restructuring plan announced last year.

“We announced globally in Japan in May 2020, so this means… thinking or analysis was done before. So that’s why this is before pandemic or before safeguards.”

The import strategy of the company this year, he said, will depend on the decision of the Tariff Commission on the potential retention of the safeguard duties.

Nissan shut its plant in Indonesia last year and plans to close plants in Spain. The Japanese automaker announced last year that it would cut 20% of its product lineup and annual production capacity.

Nissan sales in the country declined 49.1% to 21,751 units in 2020 as overall car industry sales plummeted during the lockdown declared to contain the coronavirus disease 2019 (COVID-19). — Jenina P. Ibañez

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

By Kyle Aristophere T. Atienza, Reporter THE GOVERNMENT of Philippine President Ferdinand R. Marcos, Jr. could demand more trade concessions from China after boosting...

Economy

By Alyssa Nicole O. Tan, Reporter ECONOMISTS on Sunday backed a proposal to ban offshore gaming operations in the Philippines, saying there are better...

Economy

By Kyle Aristophere T. Atienza, Reporter  THE EXPANSION of the Philippines’ 2014 Enhanced Defense Cooperation Agreement (EDCA) with the United States would boost Manila’s...

Economy

THE SUPREME COURT (SC) has dismissed a petition seeking to stop and declare as illegal the Land Transportation Office’s (LTO) 2017 contract with German...

Economy

A SOLON has filed a bill that will expand the authority and functions of the National Nutrition Council (NNC) to address the Philippines’ malnutrition...

Economy

THE ECOWASTE Coalition pressed for a ban on the use and manufacture of polyfluoroalkyl substances (PFAs), which pose a threat to human health and...

You May Also Like

Investing

Browsing history makes referring to sites and pages you’ve visited in the past seamless. It’ll help you recall what page you checked out on...

Investing

The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.