After drawing about P3 billion worth of investments from assembly line and supply investors, the country’s e-vehicle group has urged battery makers to set up manufacturing operations in the Philippines.
E-Vehicle Association of the Philippines expects as much as one million e-vehicles plying the roads, which will be a combination of e-trikes, motorcycles, e-jeeps and e-buses 2020.
“This redounds to about P1.68 billion in sales and services. The direction of the industry is leaning mostly to e-jeepneys and e-buses but we still support e-motorcycles and e-trikes,” said EVAP president Edmund Araga at the sidelines of a business conference.
He noted the P3-billion investments were mostly in assembly lines and e-vehicle suppliers, excluding battery supply and manufacturing.
The group recently signed an agreement with China Battery Association to form linkages, especially with the Philippine Nickel Industry Association, to discuss areas of cooperation in battery production.
