Electric vehicles (EVs) will soon be mass produced in the country.
This as the Philippine Utility Vehicle Inc. (PhUV), which is gearing up for mass production of electric jeepneys (eJeepneys) and electric tricycles (eTrikes), recently secured its registration with the Board of Investments as a pioneer in electric vehicle fabrication.
PhUV President Ferdinand Raquelsantos said that the company would allot P100 million for the mass production of electric vehicles.
“Now that it is more economically feasible, we are allocating P100 million as we gear up for mass production of electric vehicles. Many EV companies have come and gone in the Philippines but we have stayed on and have remained strong,” he said.
“In 2008, we pioneered in the local manufacture and assembly of electric vehicles and up to now, our eJeepneys are still plying their routes,” he added.
According to Raquelsantos, PhUV supplied the eJeepneys in the three loops of the Makati Green Route of the Institute for Climate and Sustainable Cities.
“These were the first eJeepneys to receive the orange license plate from LTO [Land Transportation Office], and the first to receive a franchise to operate as a mass transport system from the LTFRB [Land Transport Franchising and Regulatory Board]. We have also supplied eJeepneys to various private institutions, government entities, resorts, schools and even local government units,” he noted.
For his part, PhUV Vice President Rommel Juan said that the company has teamed up with Taiwan’s TECO Electric and Machinery Co. Ltd.
“We have partnered with them in the recent bidding for Phase 1 of the $500-million eTrike Program of the Department of Energy. But we are not banking on the eTrike Program alone, we also partnered in the local mass manufacture and assembly of eJeepneys, electric quadricycles and other EVs. They basically solved all of our logistical problems related to sourcing foreign parts and components,” Juan said.
He said that the bulk of the investment will go into setting up a new mass production line for EVs at a parcel of land in Maguyam, Cavite, and that new equipment and production facilities will be installed while raw materials and other production inputs will be purchased.
Raquelsantos said that the company is eyeing as a long-term plan the regional export market.
“In partnership with TECO, we aim to make the Philippines the regional manufacturing hub of EV in the Asean [Association of Southeast Asian] region. We are looking at a possible expansion to TECO’s Subic facility so that we will enjoy the benefits of locating in an export processing zone. We hope to make the Philippines a major player in the EV industry in the region,” he added.
The BOI, for its part, has given PhUV fiscal and non-fiscal incentives like income tax holiday, duty-free importation of raw materials and duty-free importation of capital equipment, among others.
Ruben D. Manahan 4th