November 4, 2022 EV
The Philippine Department of Energy (DOE) announced that it will effectively stop the sale of fuel-powered vehicles in the Philippines by 2040 and incorporate this decision into the comprehensive roadmap for the EV industry (CREVI) that will be legislated and promulgated in the first quarter of 2023.
CREVI is a joint initiative of the Department of Energy, the Department of Trade and Industry (DTI), and the Department of Transportation (DOTr), aiming to formulate a blueprint for the popularization, adoption, use, and disposal of electric vehicles in the Philippines.
The short-term goals of CREVI (2023-2025) aim to optimize the registration of electric vehicles for private and public use, adopt a single charging system and unified standards, and will also provide subsidies for the introduction of electric vehicles in public transportation.
The medium-term goals (2026-2030) aim to reduce import tariffs. In addition, policies will be introduced to stimulate the demand for domestic electric vehicles.
The long-term goals (2031-2040) include mandating the conversion of all public transport vehicles to electric vehicles, mandating the installation of electric vehicle charging stations in public facilities, introducing dynamic pricing based on charging time, and establishing a business model for the dismantling and scrapping of old electric vehicles.
Currently, about 9,000 electric vehicles are in use in the Philippines, and 300 charging stations are in operation. (From an article of CarGuide.PH on October 29, 2022)