PH e-vehicle industry gets SoftBank support

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THE development of the Philippine electric vehicles industry got a boost with the launch of the P550 million Mobility as a System (MaaS) project on Thursday.

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The project is an e-vehicle initiative of Japan’s New Energy and Industrial Technology Development Organization (NEDO) in coordination with the Board of Investments (BOI) and Japan’s SoftBank Corporation.

Its implementation will be under the scrutiny of a steering committee that include the BOI, the Intramuros Administration (IA), and the MC Metro Transport Operation Inc. (MMTOI) as members together with NEDO and Softbank.

The project aims to operate 50 units of electric tricycles or e-trikes from BEMAC Electric Transportation Philippines Inc., along with 17 charging stations around the Club Intramuros area for two years.

As a historic landmark and tourist spot with a diverse mix of people that include tourists and student, Intramuros was selected to pilot the project.

“With projects such as the MaaS, we hope to make PH an EV manufacturing hub in Southeast Asia. We hope that more local and foreign investments will come and make the country their production base, thus create around 100,000 in new jobs for Filipinos,” said BOI executive director for Industry Development Services Ma. Corazon Halili-Dichosa.

Under the current Investments Priorities Plan (IPP), the manufacturing of electric vehicles and components, as well as the operations and maintenance of charging stations are the preferred investments that may be given incentives.

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