4 EV firms to set up shop in Phl

At least four foreign electric vehicle (EV) manufacturers are looking to set up manufacturing facilities in the country, according to the Philippine Economic Zone Authority (PEZA).

- CATHERINE TALAVERA

"As we speak, we're in talks with several EV manufacturers. So the initial ones coming are into e-motorcycles because there's lesser regulations for e-motorcycles," PEZA director-general Tereso Panga said in a briefing.

"But once the supply chain is present, we will also see EV cars manufacturing to also locate," he added.

Panga shared that they are in talks with one American firm, which will manufacture e-buses, e-heavy equipment and even cars.

"And they want to participate in the modernization of our transport (system)," he added.

In an interview with reporters, Panga said the American firm, namely EVT (Envirotech Vehicles) is still doing due diligence.