Philippines Energy Plan : 2018-2040 10% Penetration Rate of Electric Vehicles
- Yen Roxas
- Feb 24
- 1 min read
In 2018, the Department of Energy (DOE) set an ambitious target for the Philippines: achieving a 10% penetration rate of electric vehicles (EVs) in the country's road transport sector by 2040.
Progress and Developments:
Regulatory Framework: In 2022, the Philippines enacted the Electric Vehicle Industry Development Act (EVIDA), aiming to create an enabling environment for the national EV industry.
Government Initiatives: In January 2023, Executive Order No. 12 was issued, removing import duties on several types of EVs and suspending taxes on charging and distribution components for the next five years, making EVs more accessible to Filipinos.
Private Sector Engagement: In January 2025, the Philippines and UAE's Masdar agreed on a $15 billion renewable energy project, focusing on solar, wind, and battery energy storage systems, aiming to provide up to 1 gigawatt of clean power by 2030.
Challenges Ahead:
Infrastructure Development: The establishment of sufficient EV charging stations remains a critical challenge.
Public Awareness: Increasing consumer awareness and confidence in EVs is essential for widespread adoption.
Market Penetration: As of 2023, EVs accounted for only 0.1% of the total registered vehicles in the Philippines, indicating a significant gap to the 10% target.
Looking Forward:
While the Philippines has made notable strides in promoting electric vehicles, achieving the 10% penetration rate by 2040 will require sustained efforts from the government, private sector, and consumers. Continued investment in infrastructure, supportive policies, and public education will be crucial to realizing this goal.
Roxas Management Consultancy's Advocacy for EV Growth
We are committed to driving sustainable mobility by supporting businesses in accelerating the transition to electric vehicles. Our advocacy is focused on EV Charging Site Development and Installations.
