.jpg)
The Philippines has launched a USD 1 billion incentive programme to shift its EV strategy toward domestic manufacturing. (Photo: iStock)
The Philippines has launched a USD 1 billion incentive programme aimed at shifting its electric vehicle strategy from import-led growth toward domestic manufacturing.
President Ferdinand Marcos Jr. signed the Electric Vehicle Incentive Strategy (EVIS) into law as the Philippines seeks to attract automakers and component manufacturers that have so far concentrated most of their regional investment in Thailand and Indonesia.
The program is intended to complement the country’s existing EV tariff exemptions by building domestic production capacity alongside rising vehicle demand.
Unlock the full article to explore three key takeaways:
The Philippines is shifting its EV strategy from import-driven demand growth toward domestic production through capital and output-based incentives.
EVIS links support to investment, production, battery recycling and after-sales requirements, reflecting a wider ASEAN move toward localization-based policies.
The Philippines faces strong competition from Thailand and Indonesia, where Chinese automakers have already established most of their regional assembly capacity.
