The Philippines envisions to be a global manufacturing hub in ASEAN for low cost commercial vehicles. Government institutions such as the Department of Trade and Industry and EV Association of the Philippines are projecting 21 percent of vehicles on the road to be electric by 2030. They are also aiming for an increase to 50 percent by 2040 through transforming the public transportation sector. Presently, laws are being crafted and proposed to incentivize and support the EV manufacturers and consumers.
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