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Manila Bulletin devider Drive devider EVAP suggests higher subsidies, more charging stations to maintain EV sales surge in Philippines

EVAP suggests higher subsidies, more charging stations to maintain EV sales surge in Philippines

Published Feb 10, 2025 01:43 am

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The Electric Vehicle Association of the Philippines (EVAP) is calling for stronger policy support to sustain the momentum of the country’s electric vehicle (EV) industry, following a record increase in EV sales in 2024. According to the Land Transportation Office (LTO), newly registered electrified vehicles totaled 10,001 units in the first half of 2024, compared to 10,388 units for the entire year of 2023. This indicates a substantial increase in EV registrations during the year.

Edmund Araga, President of EVAP, emphasized the need for continued government action to further accelerate the transition to sustainable mobility. "The strong growth in EV sales is a positive sign, but we need to ensure that this momentum is backed by long-term policies and investments. Now is the time to solidify our commitment to electrification and create an ecosystem where EV adoption is practical, convenient, and beneficial for all," Araga said.

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The increase in EV adoption aligns with the implementation of the Electric Vehicle Industry Development Act (EVIDA), which mandates a 5% EV fleet requirement for government agencies and corporations. EVAP is pushing for additional measures, such as expanding import tax exemptions on EV components, offering higher subsidies for EV buyers, and accelerating the installation of public charging stations. The Philippines currently has 500 operational charging stations nationwide, but industry estimates suggest that at least 5,000 will be needed by 2030 to meet projected demand.

Consumer demand has also shifted significantly, with more Filipino drivers considering EVs as a viable alternative to traditional fuel-powered vehicles. Additionally, AC Mobility Holdings Inc., the official distributor of BYD passenger vehicles in the country, reported selling nearly 5,000 BYD-branded passenger vehicles in 2024, representing an 82% share in the Philippine New Energy Vehicle (NEV) market for that year. This highlights the accelerating adoption of EVs, driven by increased consumer interest and the availability of diverse EV models.

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EVAP continues to work closely with the government and private sector to expand public awareness and address concerns about EV range, charging accessibility, and cost efficiency. The recently concluded 12th Philippine Electric Vehicle Summit (PEVS) played a key role in bringing together industry players, policymakers, and consumers to discuss solutions and innovations in the EV sector.

"Many Filipinos are still hesitant about making the switch due to concerns about range, charging accessibility, and upfront costs," Araga noted. "Through continuous education and incentives, we can show that EVs are not just the future—they are already here, and they make economic and environmental sense."

EVAP remains committed to ensuring that the Philippines keeps pace with global trends in sustainable transportation, with the goal of achieving 50% EV adoption in new vehicle sales by 2040, in line with ASEAN’s electrification targets.

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