The Philippines’ top automotive assemblers are aligning behind a phased, decade-long transition to electric mobility, backing the government’s goal of making electric vehicles account for 50 percent of the country’s vehicle fleet by 2040 under the Comprehensive Roadmap for the Electric Vehicle Industry.
The Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPi) said the industry is unlikely to reach this year’s 500,000-unit sales target, as demand continues to soften.
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.
Vietnamese electric vehicle manufacturer VinFast is stepping up its Southeast Asian expansion, moving aggressively into the Philippines’ high-volume motorcycle market through partnerships with 14 local distributors ahead of its planned commercial launch this June.
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).
The Securities and Exchange Commission (SEC) has streamlined the country’s securities borrowing and lending framework by assigning all administrative functions to the Philippine Stock Exchange (PSE), aiming to create a more efficient and integrated short selling market.
The Philippine Airlines (PAL) has strengthened its North American operations by putting its second Airbus A350-1000 into service on the Manila-Toronto route, a key step in the airline’s ongoing fleet modernization plan. This new aircraft joins the carrier’s first A350-1000, which currently flies the Manila-New York route, giving PAL two premium long-haul gateways in North America served by its newest and largest aircraft type.
First Gen Group, the Philippines’ leading renewable energy firm, has partnered with e-waste recycler HMR Envirocycle to roll out Drop IT for Good, a company-wide campaign for collecting and properly disposing of IT equipment and other electronic waste across the Lopez Group.