THE Board of Investments (BOI) said on Friday it has signed a memorandum of agreement with Japan’s New Energy and Industrial Technology Development Organization (NEDO) to become a member of the steering committee that will implement a P550-million e-vehicles demonstration project in Intramuros, Manila.
The Mobility as a System (MaaS) demonstration project is an electric vehicles initiative in coordination with the Japanese IT service provider SoftBank, the BOI said.
The e-vehicles demo project will initially be implemented in Intramuros, Manila where 50 units of e-trikes and 17 sets of charging stations are set to operate on fixed routes and stops, the BOI said, adding that the project is set to run for two years.
“The demonstration project further projects the Philippines as a technology-enabled country. It likewise boosts the development and promotion of electric vehicles in the country,” Trade Undersecretary and BOI managing head Ceferino Rodolfo said in a statement.
There are more than 30 firms currently engaged in the local electric vehicles (EV) industry, providing employment to over 10,000 individuals, the BOI said.
Through its Industry Development Program, the BOI is supporting the EV industry in the implementation of its electric vehicles roadmap. It formed an e-vehicles working group (EVWG) that is a sub-cluster of the automotive working group, and the EVWG has created its own sub-clusters to handle specific industry issues such as production and infrastructure, policies and regulations, promotions, and financing and resources.
Under the current Investments Priorities Plan (IPP), the manufacture of electric vehicles and their components as well as the establishment and operation of EV charging stations are preferred activities for investments that may be entitled to incentives.
Major cities have started to use e-vehicles, with e-jeepneys now roving in various areas such s Makati, Filinvest City in Alabang, Bonifacio Global City, Las Piñas, and Muntinlupa as well as in Iloilo and Bacolod and in university campuses like La Salle and Ateneo. E-trikes are already in use in Manila and Mandaluyong, the BOI noted.