EV boom to fuel auto sales goal of 525,000 units in ‘26

The Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) expects a five percent growth in vehicle sales for the coming year, fueled by rising adoption of electric vehicles (EVs).

- By DEXTER BARRO II

CAMPI president Rommel Gutierrez said the local automotive industry is targeting at least five percent growth next year from this year’s total.

CAMPI aims to sell 500,000 units this year, with next year’s target around 525,000 units.

Based on the sales report of CAMPI and the Truck Manufacturers Association (TMA), vehicle sales stood at 383,424 units from January to October, down from 384,310 units in the same period last year.