Oil company Shell said it is ready and willing to put charging stations in its gas stations in the Philippines as a way to accelerate the adoption of electric vehicles in the country.
The eco-run will gather registered participants — EV owners in Metro Manila and nearby areas — for a driving tour that is aimed at demonstrating support to a proposed legislation promoting the use of EVs in the country.
The country is now eyeing at developing economical lead-acid batteries with optimal performance capacity as a better alternative energy storage to lithium-ion that can eventually be used for electric vehicles.
The latest available data shows that the transition to EVs from conventional vehicles in the Philippines has been slow so far, with the DOE saying that from 2010 to 2019, only 11,950 EVs were registered -- accounting for a mere 0.09 percent of registered vehicles.
According to a study of state think tank Philippine Institute for Development Studies (PIDS), the global outlook of the EV sector is “very optimistic” given the increasing trend that has been observed in the global fleet for any type of vehicle from 2010 to 2019.
The lawmaker said the Philippines needs to have a sustainable EV ecosystem by 2024. By then, the price of traditional internal combustion engine (ICE) vehicles would be the same as EVs.
Electric vehicles, or EVs, are on track to dominate global sales of passenger cars and buses by 2040, and to encroach significantly on the market for vans and short-distance trucking.
