PH EV Sector Charges Ahead with More Investments to Ignite Long-Term EVolution

• EVAP mounts biggest Philippine Electric Vehicle Summit in its 13th edition
  
  

The Philippines continues to drive toward sustainable mobility as both public and private sectors strengthen their collaboration to boost the adoption of electric vehicles (EVs). Following the enactment of the Electric Vehicle Development Act (EVIDA) in 2022, the local EV industry is gaining significant traction, attracting more investments from local and international companies eager to participate in the country’s green mobility revolution.

Earlier this month, the Board of Investments (BoI) welcomed a Chinese delegation exploring potential investments in local EV and renewable energy manufacturing facilities. Meanwhile, the Department of Energy (DOE) revealed receiving interest from several private firms aiming to establish around 4,000 EV charging stations nationwide within two to three years. These efforts complement Mitsubishi Motors Philippines’ announcement to invest an additional ₱7 billion in the next five years, aligning with the government’s EV and renewable energy initiatives.

Major investments are also coming from global partners. The Asian Development Bank (ADB) recently committed $100 million (₱5.8 billion) in financing to the Ayala Corporation’s ACMobility for the procurement of EV units and charging stations. In addition, Australia’s StB GIGA Factory opened the country’s first EV battery manufacturing facility in New Clark City in 2024, with an annual capacity target of 2 gigawatt-hours by 2030—enough to power up to 18,000 EVs. These projects support the Comprehensive Roadmap for the Electric Vehicle Industry (CREVI), which targets the installation of 7,300 charging stations by 2028 and 20,400 by 2040.

“After lobbying for key legislations and national policies that drive the growth of the EV sector, we now face a crucial stage,” said EVAP President Edmund Araga. “The next step is to strengthen charging infrastructure, advance battery technology, and create more partnerships to ensure the long-term success of electric mobility in the country. The continuous flow of investments also means more jobs, economic growth, and cleaner transportation for all Filipinos.”

These milestones take center stage at the 13th Philippine Electric Vehicle Summit (PEVS), happening from October 23 to 25 at the SMX Convention Center Manila. With the theme “Charge Ahead, Ignite the EVolution,” this year’s summit will feature the latest EV technologies, innovations, and models from top brands. Organized by EVAP in partnership with BYD Cars Philippines, Omoda & Jaecoo Motor Philippines Inc., UAAGI, GAC Dangdang, and the Department of Energy, PEVS 2025 continues to serve as the country’s premier platform for driving the future of sustainable mobility.

Visit pevsummit.com to learn more and register for free.