Automakers See 7% Growth in EV Sales This Year

Sales of electrified vehicles (EVs) in the country are expected to track industry growth at seven percent this year, supported by the zero import tariffs on such vehicles and the rollout of new models, according to the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI).

- By Louella Desiderio

"The growth of EV sales is expected to track overall industry sales growth, driven by increasing consumer adoption, supportive government policies, expanding charging infrastructure and entry of more players," CAMPI president Rommel Gutierrez told reporters yesterday.

Gutierrez said EVs accounted for four percent of total vehicle sales last year or around 18,690 units.

For this year, he said EVs are expected to still account for four percent of total vehicle sales.

CAMPI is aiming for vehicle sales to reach a record-high of 500,000 units this year, seven percent higher than the 467,252 units sold last year.