Tag: EV
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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.
Philippines courts hybrid export hub with Mitsubishi
The Department of Finance said Monday the Philippines is on track to produce its first locally manufactured hybrid vehicles, as Mitsubishi Motors Corp. advances plans to set up dedicated hybrid electric vehicle (HEV) production at its Philippine unit’s plant in Santa Rosa, Laguna.
Grab expands electric taxi rollout nationwide push
Grab Philippines is accelerating its shift to eco-mobility, expanding the rollout of its GrabTaxi Electric service as electric vehicle (EV) adoption gains momentum across the country.
