10th Philippine Electric Vehicle Summit to Promote Electric Mobility
The country's biggest annual EV conference and expo will mark its first physical staging following two years of COVID-19. Themed, “United In Driving Electromobility in Support of the Electric Vehicle Industry Development Act (EVIDA) or Republic Act No. 11697,”
EVAP President Edmund Araga, citing the 2022 Global EV Outlook of the International
Energy Agency said: “There has been a massive jump in EV adoption worldwide during the past year. Sales of electric vehicles (EVs) doubled in 2021 from the previous year to a new record of 6.6 million. Back in 2012, just 120 000 electric cars were sold worldwide. Nearly 10% of global car sales were electric in 2021, four times the market share in 2019. This brought the total number of electric cars on the world’s roads to about 16.5 million, triple the amount in 2018. Global sales of electric cars have kept rising strongly in 2022, with 2 million sold in the first quarter, up 75% from the same period in 2021.”
Mr. Araga announced that this year's PEVS will demonstrate the EV industry's commitment to achieving the policy objectives of the Electric Vehicle Industry Development Act (EVIDA) or Republic Act No. 11697, which went into effect on 11 May 2022 and whose implementing rules and regulations went into effect on 20 September 2022 after its publication on 5 September 2022.
The law aims to encourage the rapid adoption of electric vehicles and charging stations in the country by mandating a 5% EV share in corporate and government fleets, dedicated parking spaces for EVs, installation of charging stations in parking lots and gasoline stations, green routes in cities and municipalities, and fiscal and non-fiscal incentives for EV manufacturing, charging station importation, and EV utilization.
Mr. Araga emphasized the government's willingness to implement fiscal incentives, as consumers should not pay such a high premium for electric vehicles. Promoting EV adoption in conjunction with fiscal incentives in growing EV markets, such as the Philippines, will entice charging infrastructure players to enter the country, hence establishing a virtuous cycle of EV adoption
“The IEA report stated that the success of EVs is being driven by multiple factors. Sustained policy support is the main pillar. Public spending on subsidies and incentives for EVs nearly doubled in 2021 to nearly USD 30 billion. A growing number of countries have pledged to phase out internal combustion engines or have ambitious vehicle electrification targets for the coming decades. Meanwhile, many carmakers have plans to electrify their fleets that go further than policy targets. Finally, more new EV models were available in 2021, increasing the attractiveness to consumers. The number of EV models available on the market is around 450. While the 6.6 million EV Sales in 2021 were led by China (3.3 million), Europe (2.3 million), and the United States (630,000), by contrast, EV sales are still lagging in other emerging and developing economies, where few models that are available remain unaffordable for mass-market consumers,” Mr. Araga added.
The country can look forward to transitioning to sustainable transportation with the passage of EVIDA. “Aside from the climate benefits of electric vehicles, another important benefit of EVs which has come to the fore of public policy attention, especially after the beginning of Russia's invasion of Ukraine is that EVs run on electricity and can therefore be an important contributor to reducing the use of oil in the country,” Mr. Araga said.
Policymakers, regulators, academe, consultants, transport corporations, electricity utilities, and End-users should engage in policy dialogue and long-term partnership to accelerate EV uptake and charging infrastructure deployment.
The EV Owners Society (EVOS) will hold a motorcade around the Mall of Asia (MOA) Complex on October 20, 2022 to kick off the 10th PEVS.
Mr. Araga announced that this year's PEVS will demonstrate the EV industry's commitment to achieving the policy objectives of the Electric Vehicle Industry Development Act (EVIDA) or Republic Act No. 11697, which went into effect on 11 May 2022 and whose implementing rules and regulations went into effect on 20 September 2022 after its publication on 5 September 2022.
The law aims to encourage the rapid adoption of electric vehicles and charging stations in the country by mandating a 5% EV share in corporate and government fleets, dedicated parking spaces for EVs, installation of charging stations in parking lots and gasoline stations, green routes in cities and municipalities, and fiscal and non-fiscal incentives for EV manufacturing, charging station importation, and EV utilization.
Mr. Araga emphasized the government's willingness to implement fiscal incentives, as consumers should not pay such a high premium for electric vehicles. Promoting EV adoption in conjunction with fiscal incentives in growing EV markets, such as the Philippines, will entice charging infrastructure players to enter the country, hence establishing a virtuous cycle of EV adoption
“The IEA report stated that the success of EVs is being driven by multiple factors. Sustained policy support is the main pillar. Public spending on subsidies and incentives for EVs nearly doubled in 2021 to nearly USD 30 billion. A growing number of countries have pledged to phase out internal combustion engines or have ambitious vehicle electrification targets for the coming decades. Meanwhile, many carmakers have plans to electrify their fleets that go further than policy targets. Finally, more new EV models were available in 2021, increasing the attractiveness to consumers. The number of EV models available on the market is around 450. While the 6.6 million EV Sales in 2021 were led by China (3.3 million), Europe (2.3 million), and the United States (630,000), by contrast, EV sales are still lagging in other emerging and developing economies, where few models that are available remain unaffordable for mass-market consumers,” Mr. Araga added.
The country can look forward to transitioning to sustainable transportation with the passage of EVIDA. “Aside from the climate benefits of electric vehicles, another important benefit of EVs which has come to the fore of public policy attention, especially after the beginning of Russia's invasion of Ukraine is that EVs run on electricity and can therefore be an important contributor to reducing the use of oil in the country,” Mr. Araga said.
Policymakers, regulators, academe, consultants, transport corporations, electricity utilities, and End-users should engage in policy dialogue and long-term partnership to accelerate EV uptake and charging infrastructure deployment.
The EV Owners Society (EVOS) will hold a motorcade around the Mall of Asia (MOA) Complex on October 20, 2022 to kick off the 10th PEVS.
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