Almost 1 in 3 vehicles sold
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The Electric Vehicle Association of the Philippines expects the share of electrified vehicles in total automotive sales to rise to 30 percent this year. This increase is driven by rising fuel prices and growing consumer interest in energy-saving technologies.
The Electric Vehicle Association of the Philippines forecasts a 30 percent market share of electrified vehicles in total vehicle sales. Last year, sales of electrified vehicles reached 58,905 units, accounting for 12 percent of total automotive sales. In 2024, the share of electrified vehicle sales was only at 5.5 percent. The increase in sales is attributed to rising fuel prices due to the ongoing Middle East conflict. The Chamber of Automotive Manufacturers of the Philippines has seen a continuous increase in sales and demand for electrified vehicles. Electrified vehicles are considered part of the solution to rising oil prices, offering energy savings and growing market awareness.
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