The Department of Energy (DOE) is optimistic about reaching its goal of 50,000 registered electric vehicles (EVs) by the end of 2025, boosting the country’s push for a more sustainable transportation sector.
Patric Aquino, director of the DOE’s Energy Utilization Management Bureau, said at the sidelines of the National Energy Consciousness Month that almost 42,000 EVs were registered with the Land Transportation Office (LTO) from January to September of this year. The total accounts for a 4.7-percent share of the total registered vehicles with the LTO.
Aquino noted a strong, consistent increase in EV registrations, saying the country had also reached 1,260 EV charging points nationwide.
“What we’ve seen is a year-on-year, month-on-month increase of electric vehicle registrations,” Aquino said.
He said the DOE is preparing to revisit some of the targets set in the Comprehensive Roadmap for the Electric Vehicle Industry (CREVI) as part of a review expected in the first quarter of next year. He expressed confidence that government policies and industry efforts will drive up the number of EVs and charging stations next year.
Aquino said customers are increasingly aware of the “value for money” and fuel efficiency benefits of EVs. “Since you are not subject to fuel volatility… I will repeat that if you use electric, it will only cost one-third or one-fourth of the cost, so people will really shift to it,” he said.
