ACMobility expects electric vehicle (EV) adoption in the Philippines to accelerate far beyond earlier projections, with industry penetration potentially reaching 50 percent by 2030, according to chief executive officer Jaime Alfonso Zobel.
Speaking at a media briefing on Friday, Zobel said the outlook marks a sharp upgrade from previous estimates of 20 to 30 percent, reflecting stronger consumer demand and improving market conditions.
Near-term growth is also gaining pace, with electrified vehicles—comprising battery electric vehicles (BEVs) and plug-in hybrids (PHEVs)—projected to account for 18 percent of total industry sales in 2026, up from 12 percent in 2025.
ACMobility is positioning to capture this surge, targeting a consolidated market share of around 12 percent. Zobel said a significant portion of that growth is expected to come from Chinese EV maker BYD, which is leading the company’s expansion in the segment, alongside Kia’s electrified offerings.
The shift is already evident in ACMobility’s sales mix. Electrified models accounted for nearly 60 percent of its retail sales in 2025, a steep rise from 23 percent a year earlier, underscoring a rapid change in consumer preferences.
To meet rising demand, ACMobility has expanded its product lineup from just five electrified models in 2023 to 21 today, spanning BEVs, PHEVs, and hybrid vehicles. By the end of the year, the company expects to cover 80 to 90 percent of passenger vehicle segments in the market.
This strategic pivot is translating into strong financial performance. ACMobility reported an 80 percent increase in unit sales to nearly 43,000 vehicles in 2025, while revenues climbed 84 percent to almost P55 billion, with BYD driving much of the growth momentum.
