Study: Filipinos excited for electric car ownership

Published February 12, 2021, 9:14 AM

by Inigo Roces

Nissan-commissioned study finds Pinoys eager to plug in

Despite the few available options so far and little infrastructure to support them, a new study shows that Filipinos and Southeast Asian neighbors continue to be highly enthusiastic about owning an electrified vehicle. The enthusiasm is largely driven by a growing need to create a more sustainable future.

The revelation comes from the second edition of the Nissan-commissioned study by Frost & Sullivan, titled “The Future of Electrified Vehicles in Southeast Asia.” The results of the study were released during the “Nissan Futures” event that discusses the state of electric vehicle adoption in Southeast Asia. In 2018, Frost & Sullivan conducted a similar study that also found Filipinos to be among the most excited to go electric.

The study conducted consumer research in Thailand, the Philippines, Indonesia, Malaysia, Vietnam and Singapore, revealing that nearly two-thirds (64%) of respondents across Southeast Asia say they are more willing to consider an electrified vehicle than they were five years ago. 66% of consumers across the region believe they will inevitably adopt electrified mobility as part of their lives in the near future.

According to the study, 45% of Filipino car drivers state they would certainly consider an electrified vehicle as their next car purchase within the next three years. The positive impact to the environment is the most motivating factor for Filipinos to buy an electrified vehicle, as 46% of respondents – the highest in the region – feel strongly about the environment and climate change.

Growing environmental awareness

The study also uncovered growing environmental awareness across Southeast Asia, with respondents believing that their adoption of an electrified vehicle would undoubtedly contribute to environmental protection.

Of those respondents, 38% of regional respondents can be classified as ‘environmentalists’, compared to 34% in a similar research in 2018. This group of consumers is driven by strong environmental awareness and climate change concerns. They view electrified vehicle use as a way to do their bit for the environment.

81% of study respondents across the region mentioned that their choice would be significantly influenced by different power sources. This care for the environment was found to be most important to consumers in the Philippines and Thailand.

Reduced barriers for adoption

The fear of running out of power before arriving at the charging station (48%) continues to be the most significant barrier to the adoption of an electrified vehicle across the region. While barriers remain, consumers are more enthusiastic about the adoption of electrified vehicles.

In line with the 2018 findings, over three-quarters of the recent study respondents (77%) indicate that tax benefits and installation of charging stations at apartment buildings (75%) are the top-two incentives for them to switch to an electrified vehicle. For Filipinos to make that switch to EVs, survey respondents identify tax incentives (80%), charging infrastructure in residential areas (77%), and priority lanes for EVs (52%) as top incentives for that move. This demonstrates the ongoing need for car manufacturers, policy makers and private parties to collaborate to spur the adoption of electrified mobility.

About the study

The study “The Future of Electrified Vehicles in Southeast Asia” was conducted by Frost & Sullivan in September 2020 in six ASEAN markets: Indonesia, Malaysia, Singapore, Thailand, the Philippines and Vietnam. The findings are based on 3,000 online customer responses among car drivers in select cities, to understand customers’ awareness, attitudes, behavior and perceptions towards electrified vehicles. “Electrified vehicle” in this study means battery electric vehicle, plug-in hybrid electric vehicle and e-POWER. It excludes full hybrid vehicles. The research is a follow-up to a study conducted in January 2018.

 
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