Industry leaders emphasized on Wednesday that expanding electric vehicle use, especially in public transport, has become an economic necessity for the Philippines, offering a path to reduce dependence on imported fuel and lower transportation costs.
Sigfrido R. Tiñga highlighted that 96% of the nation’s transport sector still relies on imported oil, exposing the economy to volatile global fuel prices. He argued that transitioning to electric power can cut operating expenses by up to 75 percent.
He noted that a typical diesel‑powered jeepney spends roughly P5,000 daily on fuel, whereas an electric counterpart requires only P1,000 to P1,500 for electricity. This cost disparity underscores the financial incentive for fleet operators.
Tiñga warned that building more roads will not solve congestion; instead, improving public transport is essential. Fewer private vehicles on the road would directly support this goal.
He added that enhancing mass‑transit efficiency could significantly boost productivity by reducing lengthy commutes. Shorter travel times would strengthen the overall economy.
Willy Tee Ten pointed out that the Philippines lags behind regional peers in attracting EV manufacturing due to limited domestic demand. With only about 61,000 electric vehicles among 15 million total vehicles, economies of scale remain out of reach.
Ten urged prioritizing broader EV adoption before pursuing local production, calling on the government to lead the transition while the private sector expands sales and charging infrastructure. He also stressed the need for greater renewable‑energy investment to sustain long‑term electrification.
Guillermo M. Lux cautioned that electric vehicles alone cannot resolve traffic congestion and must be part of comprehensive transport reforms. He highlighted the country’s growing renewable‑energy sector and semiconductor industry as complementary strengths for building an EV ecosystem.
Jose Manuel F. Alba reported that lawmakers are advancing a Low Carbon Economy Investment bill designed to incentivize greener business practices. The legislation offers flexible pathways for industries, including hard‑to‑decarbonize sectors, to meet emissions targets and support the nation’s net‑zero ambition.
