PH gets P215-M grant from Japan for e-vehicles

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The government of Japan has committed ?500 million or approximately P215-million official development assistance (ODA) for the production of eco-friendly vehicles, among them electronic vehicles.

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Japanese ambassador Toshinao Urabe and Department of Foreign Affairs secretary Albert F. Del Rosario have exchanged notes for the ?non-project grant aid,? which aims to contribute to the reduction of environmental pollution in the Philippines caused by greenhouse gas (GHG) emissions.

Specifically, the project is intended to provide eco-friendly products that will promote the development of the Philippines through the use of Japanese technology such as hybrid vehicle (HV), plug-in hybrid electric vehicle (PHEV), electric vehicle (EV) and clean diesel vehicle (CD).

The Japanese aid offers foreign currency funding for importation of goods such as industrial materials that will address a specific concern of a developing country. — PIA

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