Philippine EV Market Continues to Accelerate, Says Local EV Experts - CleanTechnica

The Philippine electric vehicle (EV) market is rapidly advancing, driven by increased investment and supportive government policies, according to Edmund Araga, President of the Electric Vehicle Association of the Philippines (EVAP). Central to this progress are the Electric Vehicle Industry Development Act (EVIDA) of 2022 and the Comprehensive Roadmap for the Electric Vehicle Industry (CREVI), which guide the sector’s growth. The recent 13th Philippine Electric Vehicle Summit (PEVS), held from October 23 to 25, highlighted key industry trends, policy discussions, consumer adoption challenges, and sustainability goals, serving as a critical forum for manufacturers, policymakers, and enthusiasts. Significant financial commitments have been made across the EV value chain. Notably, Mitsubishi Motors Philippines pledged 7 billion pesos for EV and renewable energy projects, while Ayala Corporation’s EV subsidiary secured $100 million from the Asian Development Bank to expand charging infrastructure and commercial EV deployment. Additionally, the first domestic EV battery factory in New Clark City