Philippines

Electric vehicles market in Philippines

The electric vehicle (EV) market in the Philippines was in its early stages of development. While there was growing interest in EV’s due to concerns about air pollution and rising fuel prices, the market faced several challenges. These included limited infrastructure for charging stations, high upfront costs of EV’s, and relatively low consumer awareness.

Despite these challenges, the Philippine government had shown interest in promoting EV adoption through various initiatives, such as tax incentives for EV buyers and plans to develop charging infrastructure. Additionally, some local governments had implemented programs to encourage the use of electric tricycles (e-trikes) in urban areas.