The Department of Finance (DOF) raised the importance of expanding the electric vehicle (EV) incentive program to achieve the country's economic and environmental goals. Finance Secretary Ralph Recto said that the EV incentive program, as outlined in Executive Order No. 12, is poised to improve the...
President Marcos wants the Philippines to not only manufacture more electric vehicles (EVs) but lower its production cost so the country can achieve its goal of transforming its public transportation fleets by 2040. President Ferdinand 'Bongbong' Marcos Jr. (Photo from the Presidential...
The Marcos administration will purchase e-vehicles to replace some 10 percent of the fleet used by government agencies, the Department of Energy (DOE) said on Tuesday, April 30. President Ferdinand 'Bongbong' Marcos Jr. presides over a sectoral meeting on Electric Vehicle (EV) Industry...
NEW YORK — Shares of Tesla stock rallied Monday after the electric vehicle maker's CEO, Elon Musk, paid a surprise visit to Beijing over the weekend and reportedly won tentative approval for its driving software. Musk met with a senior government official in the Chinese capital...
DETROIT — Jeep maker Stellantis is planning to lay off an unspecified number of workers at its U.S. factories in the coming months to deal with a rapidly changing global auto market, the company said Tuesday. The statement comes as the company faces increased capital spending to make...
HOUSTON – The ‘stranglehold’ of critical minerals which is just in the hands of very few producer-countries is seen as a major factor that will cause enormous strain and will drive up costs for the consumers of many countries traversing their pathway to energy transition. In a plenary...
After working on a moving target for years, power utility giant Manila Electric Company (Meralco) has finally cemented its sustainability-linked investments to P100 billion – with capital infusion fundamentally targeted for the company’s smart grid journey as well as renewable energy (RE)...
The Department of Energy (DOE) is eyeing the issuance of a Presidential mandate that will expand the coverage of zero tariff incentive for electric vehicles (EVs) - primarily for hybrids, as well as the two-wheeler and three-wheeler fleets. Energy Undersecretary Felix William Fuentebella told...
President Marcos has welcomed the offer of VinGroup Company of Vietnam in investing in the Philippines particularly in electric vehicle (EV) battery production, which he said is timely because the country is currently modernizing its public transportation. President Ferdinand 'Bongbong'...
President Marcos announced on Monday, Jan. 29, that Vietnam’s largest private company has interests to bring its electric vehicles (EVs) and battery-manufacturing facility to the Philippines. President Ferdinand 'Bongbong' Marcos Jr. speaks before the Filipino community in Vietnam on Monday, Jan....
YOKOHAMA, Japan – Car maker Nissan Motor Corporation is expecting rollout of electric vehicles (EVs) in the Philippines to come with a relatively moderate growth of 5.0 to 10% in the next 5 to 10 years, as the country is still on its infrastructure buildout pace and policies are still at...
TOKYO, Japan – The Department of Energy (DOE) is in talks with the Department of Transportation (DOTr) on the inclusion of electric vehicles (EVs) in the country’s public utility vehicle (PUV) modernization program. In an interview with reporters here, DOE Director Patrick Aquino noted there is...
