The Department of Energy (DoE) plans to deploy at least 20,000 electric vehicles (EV) across the country in the next five years — a move seen to reduce carbon emissions and cut fuel costs by at least P8 billion.
Energy Secretary Alfonso G. Cusi said he endorsed his project to the Board of Investments (BoI) to revive the once-booming domestic EV sector.
“I’m pleased to inform you all that as part of continued efforts to help strengthen our EV sector, (we) recently endorsed a project to the BoI, which will see the deployment of 20,000 imported EVs and up to 5,000 EV charging stations in the next five years,” Cusi said During the 9th Philippine Electric Vehicle Summit on Thursday.
Once completed, the project is expected to reduce the country’s annual fuel consumption by 145.02 million liters or approximately P7.99 billion at current prices.
“The DoE looks forward to more similar projects to accelerate the country’s shift to EV,” Cusi said.
Pre-pandemic, the EV sector had been making significant strides. However, the mobility restrictions to curb the spread of the virus slowed down the industry.
According to Edmund Araga, president of the Electric Vehicle Association of the Philippines (EVAP), registered EV in 2020 dropped 35 percent to 1,015 units from 1,570 units in the previous year.
The country currently has 12,965 registered EV from 2010 to 2020, comprising E-Trikes, E-Motorcycles, E-Jeepneys, E-Cars, and others.
“First, we are hopeful about the passing of Senate Bill 1382 or the Electric Vehicles and Charging Stations Act last May. At the same time, the House Bill 4075, the Lower House’s version of the Electric Vehicle and Charging Stations Act, has already passed the second reading,” Araga said.
“We are all looking forward to its eventual passing, the bicameral deliberations, and finally, the signing into law within the term of the current Congress,” he added.