PHILLIPINES, 7 June 2023: The Department of Energy (DOE) is calling for a faster rollout of electric vehicles (EVs) in the Philippines. The DOE is aiming to launch around 2.45 million EVs by 2028, which includes cars, tricycles, and motorcycles.
The DOE says that the shift to EVs will help reduce the country’s dependence on imported fuel and promote cleaner and more energy-efficient transportation technologies. The agency is also working with the Department of Transportation (DOTr) to develop a roadmap for the shift of the transport sector to EVs.
Tax incentives and soft loans
The DOTr is considering giving tax incentives and soft loans to transport operators in order to help them shift to EVs. The agency is also working to expand the country’s charging infrastructure for EVs.
The DOE and the DOTr are confident that the shift to EVs will benefit the Philippines in a number of ways, including:
- Reduced reliance on imported fuel
- Cleaner air quality
- Increased energy efficiency
- Stimulated economic growth
The Philippines is one of several countries around the world that is moving towards a future of electric transportation. The DOE and the DOTr are committed to making the Philippines a leader in the global EV market.