PH EV sector gathers new investments, more support for growth

MANILA: Ahead of the Philippine Electric Vehicle Summit (PEVS) 2025, the Electric Vehicle Association of the Philippines (EVAP) has shared that the local new energy vehicle (NEV) segment has received further support via investments from both local and international corporations. 

On the local side, Mitsubishi Motors Philippines Corporation (MMPC) announced its plan to invest an additional P7 million in the country over the next five years. Per the Japanese marque’s local arm, it will be supporting the Philippine Government’s call for the proliferation of electric vehicles (EV). 

A few months ago, the Department of Trade and Industry (DTI) campaigned for the new Electric Vehicle Incentive Strategy (EVIS), which is expected to generate up to 700,000 local EV-related jobs in EV assembly, battery production, EV charging station installation, and EV maintenance. The aforementioned could also pump out a potential economic output worth P11.4 trillion. 

On the international side, the Board of Investments (BOI) divulged that a yet-to-be-revealed Chinese entity is exploring the possibility of putting up local EV manufacturing facilities, as well as renewable energy equipment. 

The Asian Development Bank (ADB) also said that it will infuse $100 million (around P5.841 million) into the local EV market via a financial arrangement with Ayala Corporation - the mother company of local BYD distributor ACMobility. 

Australia-based StB GIGA Factory also inaugurated the first-ever EV battery manufacturing plant tin the country. It is situated in New Clark City, and it is currently producing enough batteries for up to 18,000 EV units by 2030. 

“After lobbying for the legislations and national policies that initiate and propel the growth of the local EV sector, EVAP recognizes the fact that we remain in a more crucial time,” EVAP President Edmund Araga said. 

“EVs require sufficient and reliable charging infrastructure nationwide. 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 added. 

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13th PEVS

The 13th PEVS is set to kick off from October 23-25, 2025, at the SMX Convention Center in Pasay City. 

At the aforementioned event, various brands will showcase their latest and greatest hybrid and battery electric vehicle (BEV) nameplates. Some companies that have already confirmed that they will launch new models at the event include BYD Cars Philippines with the all-new eMAX 9 DM-i. 

Other brands that will make an appearance at this year’s PEVS are:

• GAC
• Omoda
• Jaecoo
• BAIC
• Lynk & Co
• Chery
• Foton

During a press conference held in August 2025, EVAP, together with key players, will also hold panel discussions and sessions to tackle the most pressing issues in the local EV industry. 

Zigwheels Philippines and Carmudi Philippines (both under Cardekho Southeast Asia) are proud partners of the 13th PEVS. 

Also read:

EVAP invites global EV battery makers to invest in PH

EVAP reinforces global reach through collaboration with FTSC

EVAP, Bataan provincial gov’t to collaborate on EV-integrated PUV network

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