Gov’t net-zero goals drive EV demand in the Philippines
Government policies, high fuel prices, and infrastructure development drive EV adoption.
The demand for electric vehicles (EVs) in the Philippines is accelerating rapidly, with projections estimating the number of EVs to reach 6.6 million by 2030. This surge is driven by a combination of economic pressures, government incentives, and advancements in EV technology.
According to Tommy James Seminiano, Business Development Executive at Kadence International, the rising fuel prices is a primary catalyst, which has made the cost of owning traditional gasoline and diesel vehicles increasingly burdensome for consumers. "This economic pressure has made EVs, which offer lower operating costs, a more attractive option," Seminiano explained.
In addition to economic factors, the Philippine government's commitment to reducing carbon emissions plays a significant role in promoting EV adoption. Policies aimed at fostering a greener transportation system have created a favourable environment for EV growth.
Seminiano emphasised that increased awareness about environmental issues and advancements in EV technology, which have improved vehicle performance and affordability, are contributing to the growing interest in electric vehicles.
A major legislative push behind this growth is the Electric Vehicle Industry Development Act (EVIDA). Seminiano describes EVIDA as "a landmark piece of legislation to enhance EV adoption in the Philippines." He explained that the act promotes the development of local EV manufacturing and supports infrastructure improvements, such as the installation of more charging stations.
"By creating a more supportive environment for EVs, through subsidies and regulatory frameworks, EVIDA addresses key barriers to adoption, such as cost and infrastructure gaps," he stated.
Local manufacturers are also feeling the pressure to adapt to this rising demand. Seminiano suggests that improving infrastructure is crucial for accelerating EV adoption. "I think the way to start is improving the infrastructure, adding more of those charging stations in more public places," he said.0
He pointed out that while some malls have begun installing charging stations in their parking garages, more widespread availability is needed to alleviate consumers' range anxiety—the fear of running out of battery power without a charging station nearby.
