Almost 1 in 3 vehicles sold“We forecast a 30 percent market share of EV from total vehicle sales for both passenger cars and commercial vehicles,” EVAP chairman emeritus Ferdinand Raquelsantos said in a Viber message yesterday. Last year, sales of electrified vehicles covering hybrid electric vehicles, plug-in hybrid electric vehicles and battery electric vehicles reached 58,905 units, accounting for 12 percent of total automotive sales. In 2024, the share of electrified vehicle sales in total automotive sales was only at 5.5 percent. Amid the recent surge in oil prices, he said electrified vehicles are considered part of the solution. While demand for electrified vehicles continues to grow, he said there are also customers considering other choices such as smaller vehicles with low displacement engines.

Source: Philippine Star March 23, 2026 23:32 UTC