THE recent held Philippine Electric Vehicle Summit has attracted almost P1 billion of investment in the e-vehicle or EV sector, mostly from Japan, Korea and Taiwan.
“The EV Summit was a tremendous success and was able to attract close to P1 billion worth of foreign investment for the country,” Electric Vehicle Association of the Philippines (EVAP) President Rommel Juan said in a statement over the weekend.
“And in the recently concluded fifth edition of the EV Summit, not just completely built up and locally-assembled electric vehicles were prevalent but also suppliers of motors, controllers, batteries, chargers and axles have also expressed interest in having local presence by setting up shop here in the Philippines,” he added.
The Philippine Electric Vehicle Summit was held on April 14 to 16, with a view to attracting foreign players. The goal is for foreign investors forge partnerships with local players in the EV sector.
Juan recalled that years prior when the EV sector was starting out, the group courted auto parts makers to help develop e-jeepneys for Makati City.
“With help from the DTI [Department of Trade and Industry] and BOI [Board of Investments], we had to go to China to look for electric vehicle components that were not available locally. It was through the efforts of then commercial counselor Rico Mariano, who was in Beijing, that we were able to find the suppliers we needed,” Juan said.
“As we strove to develop the EV industry further, the task was picked up by the next Beijing commercial counselor Christine De La Cruz, who ably introduced us to even more suppliers and the big boys of the Chinese automotive industry,” the EVAP president noted.
“It was through the efforts of commercial counselor Dita Angara and BOI Director Angie Cayas that we were able to invite major players from Taiwan, Korea and Japan,” he added.
From Makati, the local e-vehicle sector has developed a following for an industry roadmap to grow growth EV sector.
“[The roadmap] was responsible for our steady growth. Now we have electric vehicles in various forms and in numerous areas of the country, starting with Makati, Muntinlupa, Filinvest City Alabang, Las Piñas, Dela Salle University, Ateneo University, UP, and in the provinces such as Cebu, Naga, Palawan, and even in the island paradise Boracay,” Juan noted.
“To make sure the momentum is sustained, we are now working with BOI Director Corieh Dichosa and division chief Lito Umali in organizing technical working group sub-cluster meetings that link the EV industry players with the different government agencies such as DOE, DENR, DOST, DOTC, LTO, LTFRB, DBP and Landbank,” he added.
The effort to strengthen the country’s e-vehicle segment is in line with the Philippines’ pledge in the Paris Summit last December 2015 to reduce its greenhouse gas emissions by 70 percent by 2030.
The latest e-vehicle investors have set up their respective shops in the Philippines, including the Japanese GMS and Prozza Hirose as well as E-Trike maker BEMAC Motors.