Integration of e-vehicles into the public transportation sector
what
The Comprehensive Roadmap for Electric Vehicle Industry (CREVI) aims to have EVs makeup at least 50 percent of vehicles on the country’s roads by 2040.
how
President Marcos ordered the acquisition of e-vehicles by commercial fleets like government or private company cars and public transportation fleets, and to consolidate possible financial schemes for the purchase of EV fleets.
The President is also looking to strengthen local manufacturing of EVs and supporting battery charging mechanisms, through collaborations with the private sector.
call to action
Swedish electric vehicle companies can explore investment opportunities (e.g., partnership with local distributors for sales acceleration of e-vehicles), explore potential benefits of setting up production/ assembly plants in the Philippines.
Contact Johan.Lennefalk@business-sweden.se to learn more.