Philippine EV sector charges ahead with more investments to ignite long-term EVolution

EVAP mounts biggest Philippine Electric Vehicle Summit in its 13th edition.

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The Philippines remains on track to more sustainable mobility as the public and private sectors gear up to collaborate further and push for massive local adoption of electric vehicles (EVs).

Through the Electric Vehicle Development Act (EVIDA) that was enacted in 2022, the growth of the EV sector continues, and more investments come in from PH-based and international private companies.

Earlier this month, the Board of Investments (BoI) announced a new exploration from a new Chinese delegation for the possibility of establishing new local facilities manufacturing EVs and renewable energy equipment. The investment promotion agency is yet to share more details about this deal but has the assurance that it is likely to push through.

At the same time, the Department of Energy (DOE) has hinted about receiving expressions of interest from still undisclosed private investors that aim to roll out a combined 4,000 EV charging stations (EVCS) nationwide in two to three years.