PH Government find funding solution for CARS Program, CAMPI and others weigh-in

It seems all the turmoil caused by the previously signed Philippine 2026 budget has finally reached a resolution. Specifically, the automotive manufacturing arm was thrown into uncertainty after the initially signed budget had removed funding and subsidies for the CARS program.

Government Finds Way to Fund CARS

After weeks of back and forth, as well as multiple statements from outspoken groups who would have been directly affected by the lack of funding, it seems all parties involved have found a way to work together.

The Chamber of Automotive Manufacturers of the Philippines (CAMPI) just released a statement: “The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) welcomes the announcement of a funding solution for the Comprehensive Automotive Resurgence  Strategy (CARS) Program incentives. We thank the concerned agencies – the Department of Trade and Industry, Board of Investments, Department of Budget and Management, and the Department of Finance- for their prompt action to resolve the issue on CARS incentive funding.  

This gives renewed confidence in our industrial policy and puts the automotive sector back on track for long-term investment planning. CAMPI and its members look forward to the implementation of the Revitalizing the Automotive Industry for Competitiveness  Enhancement (RACE) Program, which will be instrumental in industry recovery and growth. 

CAMPI will continue to work with the Government and our auto-supporting industries in coming up with programs and policies to sustain automotive manufacturing in the Philippines.”