PHILIPPINES ELECTRIC VEHICLE MARKET

INTRODUCTION

A form of transportation that runs on electricity is known as an electric vehicle (EV). Electric cars and trucks use an electric motor that is powered by electricity from batteries or a fuel cell, as opposed to traditional vehicles that use gasoline (petrol) or diesel-powered engines.

Due to their zero exhaust emissions, electric vehicles have the potential to drastically reduce pollution when compared to conventional modes of transportation.

EVs lack an internal combustion engine in favour of an electric motor (ICE). The engine of the vehicle is powered by a sizable traction battery pack, which needs to be charged at a charging station or wall outlet. Lithium-ion batteries are used by most EVs. 

PHILIPPINES ELECTRIC VEHICLE MARKET SIZE AND FORECAST

The Philippines Electric vehicle market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

PHILIPPINES ELECTRIC VEHICLE MARKET RECENT PRODUCT DEVELOPMENT AND INNOVATION

The new BMW 2 Series Coupe is now available. BMW Philippines, a division of SMC Asia Car Distributors Corporation, is pleased to announce this. The BMW iX, the brand's first entirely electric car for the Philippines, joined the coupe.

The Nissan LEAF, a full-battery electric car (EV) that costs P2.8 million, was unveiled by Nissan in the Philippines. The vehicle is Nissan's first totally electric model to reach domestic markets.

As part of the automaker's attempts to be more environmentally friendly and to expand its product line, KIA PHILIPPINES introduced a new electric vehicle (EV) option in the nation.

With a long-range 77.4 kilowatt-hour (kWh) high-voltage battery pack, the EV6 GT-Line offers a fully electric, zero-emission powertrain configuration.Without the use of extra parts or adapters, the EV6 also has 800-volt charging capabilities.

PHILIPPINES ELECTRIC VEHICLE MARKET COMPANY PROFILES

• BMW Philippines
• AWS
• ENPlus Co. Ltd.
• Nissan
• CHRG EV Inc.

THIS PHILIPPINES ELECTRIC VEHICLE MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perPhilippines Electric vehicleright now and how will it change in the next 5-6 years?
2. Average cost to set up aPhilippines Electric vehiclein the US, Europe, and China?
3. How manyPhilippines Electric vehicleare manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of aPhilippines Electric vehicleand key vendor selection criteria
6. Where is thePhilippines Electric vehiclemanufactured? What is the average margin per equipment?
7. Market share ofPhilippines Electric vehiclemanufacturers and their upcoming products
8. The most important plannedPhilippines Electric vehiclein next 2 years
9. Details on network of majorPhilippines Electric vehicleand pricing plans
10. Cost advantage for OEMs who manufacturePhilippines Electric vehicle marketin-house
11. 5 key predictions for next 5 years inPhilippines Electric vehicle market
12. Average B-2-BPhilippines Electric vehicle marketprice in all segments
13. Latest trends inPhilippines Electric vehicle market, by every market segment
14. The market size (both volume and value) of the PhilippinesElectric vehicle marketin 2024-2030 and every year in between?
15. Global production breakup ofPhilippines Electric vehicle market, by suppliers and their OEM relationship