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Manila Bulletin devider Business devider The Stock Market devider SM Prime targets over 180 EV chargers by end of 2025 across malls, residences, and more

SM Prime targets over 180 EV chargers by end of 2025 across malls, residences, and more

Published May 14, 2025 01:51 pm

Sy-led SM Prime Holdings, Inc. (SM Prime), one of Southeast Asia’s largest integrated property developers, is planning to increase the number of electric vehicle (EV) charging stations installed across its nationwide portfolio as it accelerates its push for sustainable mobility.

The firm said it now has 131 EV charging stations as of the first quarter of 2025 and plans to add at least 50 more within the year, reinforcing its commitment to green infrastructure and clean transport.

SM Prime said it has strategically deployed electric vehicle (EV) charging stations across its malls and office developments to support low-emission transportation.

Future installations are also planned for its residential communities and leisure estates, making sustainable mobility more accessible across its integrated property portfolio.

As a Department of Energy-accredited Electric Vehicle Charging Station (EVCS) Provider-Operator, SM Prime ensures its facilities comply with national standards and safety protocols, positioning the company as a leading enabler of the country’s EV transition.

“Integrating sustainable practices into our operations is a core part of SM Prime’s long-term strategy,” said SM Prime President and CEO Jeffrey C. Lim.

He added that, “Through this initiative, we are also supporting the government’s vision for an inclusive and future-ready EV ecosystem.”

The Department of Energy’s (DOE) roadmap targets a 25 percent EV share in the passenger vehicle market by 2030, rising to 50 percent by 2040, and aims to deploy a sufficient number of charging stations nationwide from 2023 to 2040.

SM Prime said it is fully supportive of the DOE’s program to achieve a cleaner and healthier environment by reducing the country’s carbon emissions.

With its vast footprint and continued investments in integrated property developments and green technologies, SM Prime is emerging as a central player in the Philippines’ low-carbon future.

The company’s expanding EV charging network also underscores its role in transforming the country’s transport landscape and fostering climate-resilient urban development.

“We are focused on making sustainability practical and accessible. Expanding our EV charging network is one way we are enabling Filipinos to adopt greener habits as part of daily life,” Lim said.

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SM Prime Holdings Inc. Jeffrey C. Lim
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