The move forms part of a proposed 7bn peso ($114.3m) investment under the Philippines’ Electric Vehicle Incentive Strategy (EVIS). Discover B2B Marketing That Performs Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms. Under the scheme, companies investing in local EV production stand to receive fiscal support worth up to 60bn pesos. It does not have to be overnight, (but) step by step”, Noriaki added. In a separate announcement made in May, Mitsubishi Motors Corporation (MMC) confirmed that its forthcoming cross-country SUV will carry the Pajero name.