Govt OKs electric vehicle battery venture

The Board of Investments (BOI) recently approved the application of CHRG Electric Vehicle Technologies Inc. as a new domestic producer of electric vehicles (EV) fast chargers and retrofit kits on a non-pioneer status under the current Investments Priorities Plan listing of Innovation Drivers.

In a statement on Monday, BOI managing head Ceferino Rodolfo said the project boosts the recent tie-up between and the Philippine Council for Industry, Energy and Emerging Technologies of the Department of Science and Technology in putting together a public compendium of homegrown technologies that are ready for adoption and commercialization.