Senate Bill 2856 sponsored by Senator Ralph Recto calls for fiscal incentives to be given by the government to importers, manufacturers and users of Alternative Fuel Vehicles (AFV). In his sponsorship speech he pointed out the irony that Alternative Fuel Vehicles were much more expensive to buy than traditional fossil fuel powered vehicles. Which could be attributed to the high cost of the technology because of the low adoption rate (because of its high selling price) and because of the taxes imposed on the said vehicles which does not differentiate between traditional vehicles and AFV’s.
AFV’s were defined as those being powered by non-traditional fossil fuel sources such as electricity, natural gas, etc or those using hybrid technology which uses both electricity and gasoline to run.
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