Toyota sees EV models taking 20% of total salesMANILA, Philippines — Leading automotive firm Toyota Motor Philippines Corp. (TMP) is looking to bring more electrified vehicle models to the country as it expects the share of these vehicles in its total sales to reach 20 percent this year, more than double last year’s level, amid rising fuel prices. TMP chairman Alfred Ty told reporters on the sidelines of Stratbase Institute and embassy of Japan’s forum that the company sees electrified vehicles accounting for 20 percent of its total sales this year. Last year, electrified vehicles accounted for just 8.5 percent of TMP’s total vehicle sales. In particular, TMP’s electrified vehicle sales, including Lexus models, rose by 38 percent to 19,516 units from 14,057 units in 2024. Even as TMP plans to expand its electrified vehicle offerings, he said the company continues to sell other models including diesel-powered vehicles.

Source: Philippine Star March 25, 2026 16:39 UTC