Republic Acts1 min read
Section 26Sec./Art. 26
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Financial Assistance. -Government financial institutions and other financial institutions, in accordance with and to the extent allowed by the enabling provisions of their respective charters or applicable laws, are encouraged to provide concessional financial packages for entities engaged in the activities mentioned in Section 24 of this Act, and preferential interest rates and payment scheme on consumer loans for the acquisition of EVs and charging stations.
The Bangko Sentral ng Pilipinas shall encourage banks to lend a certain percentage of their portfolio to EV, charging stations, and battery manufacturers, assemblers, and end users:Provided,That financing packages fr EV fleets shall be prioritized and the procedure shall be streamlined.
CHAPTER V
FINAL PROVISIONS
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