The Philippine government is advancing its electric vehicle (EV) strategy, with at least two major automotive manufacturers expressing serious interest in the upcoming Electric Vehicle Incentive Strategy (Evis) program, according to trade officials.
Trade Undersecretary Ceferino Rodolfo confirmed that discussions are underway with multiple carmakers, though he declined to name the second prospective investor beyond Mitsubishi Motors Corp., which has already signaled participation.
"We cannot confirm yet the numbers as specific details of the Evis are being finalized—including subsidy support," Rodolfo stated in a message to reporters. "But what we can confirm is that there have been consultations to gauge what level would really be needed by investors."
Market leader Toyota Motor Philippines has indicated openness to joining the program, noting that any participation would require careful planning and evaluation.
The Department of Trade and Industry (DTI) aims to release implementing guidelines and secure a corresponding executive order from President Ferdinand Marcos Jr. within the first half of the year. This follows the government's decision to prioritize Evis over the previously proposed Revitalizing the Automotive Industry for Competitiveness Enhancement (Race) program, which focused on internal combustion engine vehicles.
Evis represents a strategic shift toward electrified transportation, succeeding the Comprehensive Automotive Resurgence Strategy (Cars) program that launched in 2015 with ₱27 billion in incentives. Under Cars, Toyota and Mitsubishi enrolled their Vios and Mirage models respectively, receiving incentives for producing at least 200,000 units between 2018 and 2024.
The new EV-focused program is expected to offer broader incentive options after the Department of Justice clarified that Evis doesn't need to mirror its predecessor's structure. This opens possibilities for tax credit certificates and other forms of support beyond traditional tax payment certificates.
Trade Secretary Cristina Roque emphasized that prioritizing Evis signals the government's commitment to transitioning toward cleaner transportation solutions as part of broader economic and environmental goals.