Topic Discussed : The Philippines EV Market, Forecast to 2022

Speakers : Paulo Mutuc

Key Takeaways:

Approximately 15,000 EVs—mostly e-bikes—are in use in The Philippines as of 2017. There is no overall policy framework yet for promoting and regulating EVs, although basic safety standards have been adopted and some incentives for EVs are in place (e.g. excise tax exemption). Most of the local EV industry is made of e-bike importers and e-tricycle assemblers. Charging infrastructure is concentrated in Metro Manila, where 12 of the 20 charging stations are located. By 2022, about 38,000 EVs will be in use in The Philippines. Growth will be driven by the continued need for jeepneys and tricycles in public transport; EV adoption in pilot routes under the PUV Modernization Program; as well as the resolution of EV registration issues and the introduction of some incentives for domestic assembly of electric jeepneys and tricycles

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Related Keywords: Frost&Sullivan, Electric vehicles, EVs, electric motorcycles, e-bikes, e-tricycles, e-trikes, electric jeepneys, e-jeepneys, e-quads, passenger EVs, passenger electric vehicles, Philippines, PUV Modernization, Jeepney Modernization Program

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