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The PH electric vehicle industry: fully charged and ready to go

Feb 24, 2020 | Media Mentions, News

NO DOUBT about it, the electric vehicle (EV) is the vehicle of the future. And in the Philippines, the missing pieces of the puzzle are falling into place one by one.

Edmund Araga, president of the Electric Vehicle Association of the Philippines (EVAP), reveals that the domestic EV industry is seeing the fruits of what EVAP has painstakingly labored on through the years. “We now have products from two to four wheels serving primarily the transport sector, charging stations are being put in place, government support through incentives are in the works, product standards and vehicle registration protocols are being laid out, and partnerships with major EV players in the ASEAN region are being forged.”

The optimism of EVAP is bolstered by a study conducted last year by the Edison Electric Institute revealing that global EV sales totaled about 2.1 million for 2018, an increase of 64% compared to the total sold in 2017. In 2018, EV sales increased by 79% in the US, 78% in China, and 34% in Europe compared to 2017.

https://www.bworldonline.com/the-ph-electric-vehicle-industry-fully-charged-and-ready-to-go/