The Philippines will join the rest of the world in effectively limiting the sale of new internal combustion engined (ICE) cars by 2040. This target was announced by the Department of Energy (DOE) as part of the Comprehensive Roadmap for the EV Industry or CREVI.
Set to be issued by the first quarter of 2023 as a Republic Act, CREVI will have the DOE work with the Department of Trade and Industry (DTI) and Department of Transportation (DOTr) in creating a blueprint on the promotion, adoption, usage, and disposal of electric vehicles in the country.
Under CREVI are Short-Term (2023-2025), Medium-Term (2026-2030), and Long-Term (2031-2040) goals ultimately leading to the country requiring all new vehicles sold to be EVs by 2040.
Part of the Short-Term goals is the streamlining of EV registration for both private and public utility use as well as the adoption of a single charging protocol and/or standard. CREVI will also offer preferential subsidies for EVs used in public transport.
By the Medium-Term, CREVI will offer a reduction in importation tariffs. In addition, they will issue other policies and issuances that will generate demand for locally manufactured EVs.
Finally, by the Long-Term phase, CREVI will mandate a 100 percent EV fleet share and franchise to public transport companies while also mandating the installation of EV charging stations in public places, provide issuance for time-of-use rates for EV charging, and develop a business model for vehicle disassembly and disposal.
The CREVI puts the Philippines in the same time frame to go 100 percent electric (or at least limit the availability of internal combustion vehicles) as some of its ASEAN neighbors such as Singapore (2030), Thailand and Malaysia (2035), Vietnam (2040), and Indonesia (2050).
Currently, the Philippines is home to around 9,000 registered EVs and 300 charging stations.
Keyword: Philippines To Go 100 Percent EVs By 2040>