The Board of Investments (BOI) is actively encouraging the development of local electric vehicle (EV) manufacturing, particularly for public utility vehicles (PUVs).
BOI managing head Ceferino Rodolfo said the government is pushing development of the local EV ecosystem by providing incentives and technical support.
“We’re targeting to attract investments worth billions of pesos in the next few years to boost the local EV industry,” he said.
Local companies are leading the charge in the EV industry. Tojo Motor Corp., a pioneer in the Philippine EV market, has been manufacturing and deploying e-PUVs and e-trikes for over a decade. The company is focused on improving vehicle quality, technology and production capacity to meet growing local demand. Tojo is also eyeing the South Asian market, particularly for e-trucks.
Pure EV Solutions has been operating in the Philippines for the past five years, deploying e-trucks in various regions, including Antipolo and Boracay.
