The electrified vehicle (EV) market is expected to grow by at least 7–8 percent this year as adoption expands beyond personal mobility into logistics, commercial vehicles, and ride-hailing operations, supported by improved accessibility and lower prices, a top industry official said.
Edmund Araga, president of the Electric Vehicle Association of the Philippines (EVAP), said that while the group has yet to finalize its official growth forecast for the year, current trends point to at least a 7–8 percent increase in sales compared with 2025 performance.
“More companies and consumers are now aware that in compliance with the EVIDA Law an alternative EV is the key,” he said.
Araga noted that the EV market continues to grow as usage expands from personal mobility to logistics and commercial applications, as well as ride-hailing operations.
Several new brands are also entering the market, particularly in major cities. Among EV brands, Chinese automaker BYD continues to outsell competitors in both pure electric vehicles and hybrids.
On pricing, Araga said increased competition is expected to drive EV prices down, citing BYD’s revised pricing schemes, which were later followed by Tesla. He added that more affordable EV brands are likely to gain traction in the market as competitive pressures intensify.
Data from the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed that EV sales gained significant traction last year, with total sales reaching 58,905 units.
This accounted for 12.0 percent of the total market in 2025, up sharply from 5.5 percent in the previous year. Combined sales of Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), and Hybrid Electric Vehicles (HEVs) surged 142.5 percent year on year.
CAMPI-TMA members accounted for 32,489 units of total xEV sales in 2025.
