President Marcos ordered the development of the electric vehicles (EV) industry in the country with a focus on the public transportation sector.
In a recent sectoral meeting in Malacañang on Tuesday, the President directed the Department of Energy (DOE) and other concerned agencies to review the implementation of the EV industry in the Philippines.
The move aims to boost the local manufacturing of EVs and support battery charging mechanisms.
The Chief Executive asked Energy Secretary Raphael Lotilla to focus on supporting the acquisition of EVs through commercial fleets like government or private company cars and public transportation fleets.
President Marcos also mandated streamlining financial schemes for easier acquisition of EV fleets.
In 2023, the President said he would like to see at least 50 percent of EVs on public roads by 2040, as part of an agreement with the United Nations to lower gas emissions in the Philippines.
“If we aim to fulfill our pledge to the Paris Agreement, we need to boost the share of electric vehicles in the total projected vehicle fleet nationwide. The government aims to increase the share of electric vehicles to 10 percent, or hopefully 50 percent by 2040,” the President stated.
Editor’s Note: This is an updated article. Originally posted with the headline Marcos wants PH to embrace EV industry
