ADVANTAGES OF PRODUCERS OF HYBRID CARS UNDER HB 1004

EXEMPTION FROM EXCISE TAX FOR AUTOMOBILES SECTION 149 NATIONAL INTERNAL
REVENUE CODE

OVER

UP TO

RATE

P 600,000

2%

P600,000

P 1,100,000

P 12,000 + 20% in excess of P 600,000

P1,100,000

P2,100,000

P112,000+ 40% in excess of P1,100,000

P2,100,000

over

P512,000 + 60% in excess of P2,100,000

EXEMPTION FROM REGISTRATION / MOTOR VEHICLE USERS CHARGE

RATES

CATEGORIES

GVW

PASSENGER CARS
LIGHT

up to 1600kg

RATES

Current, up to 5 yrs. old

Php 2,000.00

Over 5 yrs. old

MEDIUM

1,400.00
1601 to 2300kg

Current, up to 3 yrs. old

4 to 5 yrs. old

Php 6,000.00
4,800.00

Over 5 yrs. old

HEAVY

2,400.00
2301kg & above

Current, up to 5 yrs.
Over 5 yrs. old

Php 12,000.00
5,600.00

PRIORITY IN FRANCHISE APPLICATION

Public Utility Vehicle (PUV) operators exclusively utilizing electric, hybrid and other
alternative fuel vehicles shall be granted priority by the Land Transportation
Franchising and Regulatory Board (LTFRB) in the approval of applications for
franchise to operate, including its renewal, for nine (9) years from the effectivity of
this Act.