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Electric vehicles in the Philippines: Business opportunities, market barriers, and policy signals

Electric vehicles in the Philippines: Business opportunities, market barriers, and policy signals

The Philippines may be on the cusp of an electric vehicle revolution. Not only is the country’s vehicle market forecast to grow rapidly in the decades ahead, but the Philippine government has recognised that transport electrification must be a key pillar of the nation’s decarbonisation strategy. Yet to drive electric vehicle uptake, a decisive policy push will be required to unlock much-needed investment and fast-track industry growth and charging infrastructure development. This report highlights current policy developments, regulatory challenges, and opportunities in the Philippine electric vehicle market, offering recommendations on how policymakers and investors can work together to put the country on a path towards a sustainable mobility future.

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