Wednesday, May 14, 2025

SM Prime expands EV plans 50 more EV charging stations in 2025

SM Prime Holdings, Inc. (SM Prime), one of Southeast Asia’s largest integrated property developers, is ramping up its push for sustainable mobility with new 50 electric vehicle charging stations planned for the rest of the year.

SM Prime, owned by the Sy Group, disclosed at the Philippine Stock Exchange, they have already 131 EV charging stations installed across its nationwide portfolio as of first quarter of 2025.

Its EV charging stations are deployed across its malls and office developments to support low-emission transport.

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 Jeffrey C. Lim, SM Prime president. “Through this initiative, we are also supporting the government’s vision for an inclusive and future-ready EV ecosystem.”

Lim said that the rapid expansion of EV charging stations is in support of the DOE roadmap, which 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.

“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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