Tuesday, October 21, 2025

EVAP says PH on track with EV adoption with new investments

The Electric Vehicle Association of the Philippines (EVAP) said that EV adoption in the country is on track as the public and private sectors gear up for more collaboration, including the installation of more EV charging stations (EVCS) and additional new investments.

EVAP President Edmund Araga said EVs require sufficient and reliable charging infrastructure nationwide. EVAP is mounting the 13th Philippine Electric Vehicle Summit (PEVS) on October 23–25, 2025 at the SMX Convention Center, MOA Complex, Pasay City to drum up more interest in the local EV sector.

“At the same time, we should also get to the forefront of the development of more efficient and accessible battery technologies. Hence, we are supporting national efforts to establish more partnerships with the private sector and potential investors,” Araga said.

He noted various investments and initiatives that are also aligned with the Comprehensive Roadmap for the Electric Vehicle Industry (CREVI) that is aimed at bolstering the EV adoption nationwide through deploying up to 7,300 EV charging stations (EVCS) by 2028. The target is to deploy over 20,400 EVCS by 2040 to service a projected 2.5 million EVs running on local roads by that time.

EVAP cited the planned EV manufacturing and renewable energy equipment investment by a Chinese company as announced by the Board of Investments.

At the same time, the Department of Energy (DOE) has hinted about receiving expressions of interest from still undisclosed private investors that aim to roll out a combined 4,000 EV charging stations (EVCS) nationwide in two to three years.

In June, Mitsubishi Motors Philippines Corp announced its intention to infuse an additional PHP7 billion to the country in the next five years. The company said that this time, it will be heeding the government’s push for EVs and renewable energy. During the same month (June), the Department of Trade and Industry lobbied the new Electric Vehicle Incentive Strategy (EVIS), which when approved could generate up to PHP11.4 trillion in economic outputs and possibly create nearly 700,000 local jobs in EV assembly, battery production, EVCS installation, and maintenance services.

Even the Asian Development Bank has agreed to infuse USD100 million (about PHP5.841 billion) into the local EV sector through a financing arrangement with the Ayala Corporation, which operates ACMobility, one of the current biggest distributors of EVs locally. In January, the partners announced that the funding is allocated for the procurement of EV charging stations and of more units for commercial distribution.

Also, Australia’s StB GIGA Factory in September 2024 opened the first EV battery facility in the country, located in New Clark City. The manufacturing plant is now running to annually produce 2 gigawatt-hours of batteries by 2030—enough to power up to 18,000 EVs with a still significant portion eyed for possible export. It has since been helping attract more investments into the country for the renewable energy and EV sectors.

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