Global 6Wresearch Market Reports

 The Philippines continues to develop its electric vehicle (EV) market as industry and government are cooperating to support the electric vehicle (EV) adoption in the Philippines. Moreover, new EV launches by OEMs and the establishment of charging infrastructure are expected to further encourage the growth of the electric vehicle market in the country. Additionally, the 2-wheeler, 3-wheeler, and 4-wheeler electric vehicle market are expected to take a hit amid the Covid-19 pandemic in 2020 while the electric bus market is likely to remain relatively resilient. According to 6Wresearch, Philippines electric vehicle market size grew at a CAGR of 23.6% during 2020-2025. Under the EV manufacturing roadmap, the Department of Trade and Industry (DTI) has issued incentives such as the removal of tariffs, excise duty exemptions, and VAT exemption for raw materials/parts/capital equipment for EV manufacturing. Further, the Department of Transportation (DOTr) is implementing a Public Utility...

 Philippines Electric Vehicle Market Synopsis The Philippines continues to develop its electric vehicle (EV) market as industry and government are cooperating to support the electric vehicle (EV) adoption in the Philippines. Moreover, new EV launches by OEMs and the establishment of charging infrastructure are expected to further encourage the growth of the electric vehicle market in the country. Additionally, the 2-wheeler, 3-wheeler, and 4-wheeler electric vehicle market are expected to take a hit amid the Covid-19 pandemic in 2020 while the electric bus market is likely to remain relatively resilient. According to 6Wresearch, Philippines electric vehicle market size grew at a CAGR of 23.6% during 2020-2025. Under the EV manufacturing roadmap, the Department of Trade and Industry (DTI) has issued incentives such as the removal of tariffs, excise duty exemptions, and VAT exemption for raw materials/parts/capital equipment for EV manufacturing. Further, the Department of Transport...