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Filipinos Turn Electric Amid High Fuel Prices - BusinessWorld Online
- Several Philippine companies plan to electrify a significant portion of their fleets by the end of this decade, deploying hundreds of EVs across key locations.
- This push follows rising fuel prices and government incentives under the Electric Vehicle Industry Development Act, which includes tax breaks and mandates EV adoption.
- The effort is supported by expanding charging infrastructure, public awareness campaigns, and policy development from the Department of Energy to promote EV safety and usage.
- In the previous year, the Philippines saw sales of 18,690 electric vehicles, representing 4% of the overall car market, with expectations for this number to grow to around 20,000 units in the current year as prices drop and availability increases.
- These developments suggest accelerated EV adoption in the Philippines could reduce emissions and fossil fuel dependence if combined with infrastructure growth and policy enforcement.
13 Articles
13 Articles
Filipinos turn electric amid high fuel prices - BusinessWorld Online
By Sheldeen Joy Talavera, Reporter JOHN REX O. GAVALES, a 22-year-old entrepreneur from Bulacan province north of the Philippine capital, bought his Chinese-made BYD Seagull electric car last year to replace his diesel-based hatchback amid high fuel prices. “My fuel costs are far less now at about P1,000 for every 600 kilometers from P4,000,” he told BusinessWorld via Zoom. “I love this car.” Fuel adjustments have led to a net increase of P4 per…
BYD Introduces Low-Cost Dolphin Surf EV in Europe, Starting at €22,990
China’s BYD on Wednesday unveiled its latest electric vehicle for the European market, the Dolphin Surf, at a launch event in Berlin. The model, a slightly reworked version of its top-selling Seagull EV in China, marks BYD’s tenth vehicle offering in Europe and reinforces its strategy of targeting the continent’s entry-level electric vehicle segment. The [...] The post BYD Introduces Low-Cost Dolphin Surf EV in Europe, Starting at €22,990 appear…
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