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Manila Bulletin devider Business devider Trade & Industry devider Philippines unveils ₱60-billion incentive package to become Southeast Asia's next EV hub

Philippines unveils ₱60-billion incentive package to become Southeast Asia's next EV hub

Published Jul 31, 2026 02:13 pm
The Philippines is set to position itself as a regional manufacturing hub for electric mobility following the establishment of a program incentivizing domestic electric vehicle (EV) production, according to the Department of Trade and Industry (DTI).
Trade Secretary Cristina Roque said Executive Order (EO) No. 121, which establishes the EV Incentive Strategy (EVIS) program, “strengthens the Philippines' position as an emerging hub for electric vehicle manufacturing in the region.”
“EO No. 121 sends a clear signal to global and domestic investors that the Philippines is ready to compete for high-value manufacturing investments in the rapidly growing electric vehicle sector,” Roque said in a statement.
Signed by President Ferdinand Marcos Jr. on July 29, the EVIS provides time-bound and performance-based fiscal support to drive investment in domestic EV production. The program fulfills the mandate of Republic Act No. 11697—the Electric Vehicle Industry Development Act (EVIDA)—to establish an incentive structure accelerating the local automotive industry’s transition toward electric mobility.
Roque noted that the EVIS not only fuels EV market growth but also builds a robust manufacturing ecosystem, generating quality jobs and expanding the country’s integration into global supply chains.
Under the program, automotive manufacturers can register up to two EV models to receive Fixed Investment Support (FIS) and Production Volume Incentives (PVI). The FIS covers a portion of capital expenditures for EV production, while the PVI offers incentives of up to 12 percent of an EV’s ex-factory price, capped at ₱200,000 per unit.
“This approach ensures that government support translates into tangible economic benefits, including increased local production, technology transfer, supply chain development, and employment opportunities for Filipino workers,” Roque added.
The EVIS carries a total incentive ceiling of ₱60 billion, with each enrolled EV model eligible for up to ₱15 billion. Support will be disbursed in the form of tax payment certificates, which participating companies can use to settle national taxes and import duties.
The Board of Investments (BOI) will lead program execution, with the DTI working alongside industry stakeholders to draft implementing guidelines and ensure a smooth rollout.
“Together with the private sector, we look forward to translating this important policy milestone into investments, jobs, technology, and sustainable growth that will benefit present and future generations of Filipinos,” Roque said.
Welcoming the initiative, the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) stated that the EVIS offers much-needed support to the local automotive industry. CAMPI added that it will continue partnering with the government to develop complementary programs that “assure long-term viability and continuous investments in the local auto manufacturing landscape.”
As the government’s lead investment promotion agency, the BOI is also collaborating with private partners to position the country as a regional hub for EV talent development and technical training.
BOI Managing Head and Trade Undersecretary Ceferino Rodolfo emphasized that targeted workforce training and school-enterprise dual education programs are vital to enhancing the country's competitiveness in attracting EV investments.
He noted that addressing the current shortage of skilled technical professionals remains critical to scaling up the sector and encouraging high-value investments.

Related Tags

Department of Trade and Industry (DTI) electric vehicle incentive strategy (EVIS) Electric vehicles Board of Investments (BOI) Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI)
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