Basic Energy Corp. has launched an electric mobility initiative aimed at easing the public transport sector’s long-running exposure to volatile fuel prices, signaling a broader shift toward integrated, low-carbon transport solutions.
The company, together with key partners, formally introduced its “Electric Transport Solution Program” at a launch event in Mandaluyong City. The program brings together a mix of technical, financial, and infrastructure support designed to help transport operators transition from traditional fuel-powered vehicles to electric alternatives.
The initiative is being rolled out in collaboration with First Gen Corp., AC Mobility, and Ecology Builders Development Corporation, forming what is essentially a full-stack ecosystem for e-transport adoption. Transport cooperatives are also participating, a critical factor in scaling the shift from pilot to mainstream use.
Support from policymakers adds weight to the effort. Among those present were Pia Cayetano and Sharon Garin, alongside Francis Zamora and Jay Layug. Their backing reflects growing alignment between government and private sector players on accelerating transport electrification.
At its core, the program is less about vehicles and more about economics. By offering a structured framework that combines financing, energy supply, and operational support, the initiative aims to make electric transport a viable option for operators often squeezed by fluctuating diesel prices.
Basic Energy chief executive officer Oscar “Carey” De Venecia Jr. framed the effort as a response to recurring energy shocks, with the goal of delivering more predictable operating costs for transport groups.
The timing is notable. With fuel price volatility still a key concern and policy support building under the Electric Vehicle Industry Development Act, integrated solutions like this could help bridge the gap between ambition and adoption.
If execution matches design, the program may offer a practical blueprint for scaling electric mobility in a sector that has long struggled with both cost pressures and modernization.
