WIDER ADOPTION of electric vehicles (EVs), particularly in public transport, could reduce the Philippines’ reliance on imported fuel and lower transport costs,WIDER ADOPTION of electric vehicles (EVs), particularly in public transport, could reduce the Philippines’ reliance on imported fuel and lower transport costs,

PHL’s EV shift seen cutting fuel import dependence

2026/07/08 21:08
Okuma süresi: 3 dk
Bu içerikle ilgili geri bildirim veya endişeleriniz için lütfen [email protected] üzerinden bizimle iletişime geçin.

WIDER ADOPTION of electric vehicles (EVs), particularly in public transport, could reduce the Philippines’ reliance on imported fuel and lower transport costs, industry leaders said on Wednesday, arguing that electrification has become an economic imperative rather than just an environmental goal.

“When you go electric now, it is you helping not only yourselves but also your country,” Global Electric Transport President Sigfrido R. Tiñga told a House of Representatives forum.

Mr. Tiñga said 96% of the country’s transport sector still relies on imported oil, leaving the economy vulnerable to volatile global fuel prices.

He said electrifying public transportation could reduce operating costs by as much as 75%, noting that diesel-powered jeepneys typically spend about P5,000 a day on fuel compared with P1,000 to P1,500 on electricity.

“We don’t need more roads, we need fewer cars. You need to fix public transport,” he said.

Mr. Tiñga said the biggest economic gains from EV adoption would come from improving mass transportation, arguing that reducing commuting times would boost productivity.

“If you fix mass transport in this country, you are going to have a huge positive economic effect,” he said. “You can’t have a good economy if people are taking two to three hours on the road one way to get to work, and the same two to three hours going home.”

Electric Vehicle Association of the Philippines Chairman Willy Tee Ten said the country remains behind its Southeast Asian neighbors in attracting EV manufacturing because domestic demand is still too small to support large-scale production.

“We only have 61,000 EVs out of 15 million vehicles now,” he said. “So if you produce it locally right now, there’s no economies of scale,” he added, noting that expanding EV adoption should take priority over pursuing local manufacturing.

Mr. Ten said the government should lead the transition while the private sector continues investing in EV sales and charging infrastructure. He also called for more renewable energy investments to support the country’s long-term electrification goals.

Meanwhile, Liveable Cities Philippines Chairman Guillermo M. Lux said EVs alone would not solve traffic congestion but should form part of broader transport reforms.

He added that the country’s expanding renewable energy sector and semiconductor industry could help boost the development of an EV ecosystem, noting that the Philippines already has strengths in automotive electronics through its semiconductor exports.

Meanwhile, Bukidnon Rep. Jose Manuel F. Alba, chairman of the House Committee on Sustainable Development Goals, said lawmakers are pushing the proposed Low Carbon Economy Investment bill, which would encourage businesses to adopt greener practices through incentives.

He said the measure recognizes that industries have different capacities to reduce emissions, particularly hard-to-abate sectors such as aviation, and would provide businesses with multiple pathways to meet decarbonization commitments while supporting the country’s long-term net-zero goals. — Pexcel John Bacon

Piyasa Fırsatı
Fuel Logosu
Fuel Fiyatı(FUEL)
$0.0007
$0.0007$0.0007
0.00%
USD
Fuel (FUEL) Canlı Fiyat Grafiği

World Cup Combo: Aim for 200x

World Cup Combo: Aim for 200xWorld Cup Combo: Aim for 200x

Combine up to 20 World Cup matches in one order

Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen [email protected] ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

$5M in SPCX Positions for Free

$5M in SPCX Positions for Free$5M in SPCX Positions for Free

0 fees, 100x leverage, daily prizes, 7K+ stocks/ETFs