Philippines’s EV Summit will be held in October as more car buyers are switching to electric vehicles. According to Statista, 1,013 EVs were sold in 2022, compared to 843 in 2021 and 378 in 2020. This increase can mainly be attributed to the implementation of the Electric Vehicle Industry Development Act (EVIDA), which was enacted in May 2022.
By allocating dedicated parking slots in establishments, assigning green routes across cities and municipalities, exempting the vehicles from traffic coding schemes and offering other perks, EVIDA incentivizes EV adoption nationwide.
Public and private sectors have also been working to make charging stations more conveniently accessible to EV owners.
