Tag: EV
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Philippine auto sales dip as EV demand accelerates
Vehicle sales in the Philippines weakened in the first quarter of 2026, even as electrified mobility continued to gain momentum, according to industry data from the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA).
BYD Philippines ramps up EV push amid demand
Electric vehicle (EV) momentum is accelerating in the Philippines, with BYD Philippines doubling down on expansion as it banks on rising consumer interest, stronger sales and a cost-driven value proposition.
Toyota flags scale, flexibility concerns after RACE axed
The decision to scrap the Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) program has drawn a measured response from Toyota Motor Philippines Corp. (TMP), the country’s largest vehicle assembler, which had been preparing for the initiative’s rollout as early as last year.
AC Mobility accelerates nationwide EV ecosystem buildout drive
AC Mobility said the shift to electric mobility in the Philippines is gathering pace as the company ramps up investments in infrastructure critical to supporting broader electric vehicle (EV) adoption.
Philippines drops RACE, pivots to EV incentives
The Philippine government has scrapped its long-planned Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) program, opting instead to fast-track a new incentive framework focused on electric vehicles, a senior investment official said.
