The Electric Vehicle Association of the Philippines (EVAP) and the Taiwan Smart Electric Bicycle Association (TSEBA) signed a strategic cooperation agreement on July 12, 2024 to foster innovation, collaboration and mutual growth in the electric vehicle sectors of both countries.
The signing ceremony was attended by Jude Aguilar, vice-chairman of the Philippine Chamber of Commerce and Industry (PCCI) and Dr. Rafaelita Aldaba, Undersecretary of the Department of Trade and Industry. Their presence underscored the importance of the agreement and the strong support from both governments for the burgeoning electric vehicle industry.
The visit by TSEBA to the Philippines, organized by the Manila Economic and Cultural Office and the Chung-Hua Institution for Economic Research, took place from July 9 to July 12. The industry exchange featured visits to the EVAP and several factories and corporate headquarters in the Philippines.
With the goal set by President Ferdinand Marcos Jr. to achieve 50-percent electrification of motor vehicles by 2040, various departments have introduced incentive subsidy policies to promote electric vehicles. These policies highlight the promising future growth of the two-wheeled electric vehicle market in the Philippines.
Su Yongxiang, secretary-general of TSEBA, expressed optimism about the collaboration. He said TSEBA would actively promote exchanges and cooperation between the industries of Taiwan and the Philippines.
