H. Yoo
Research expert covering South Korea
Electric vehicle market in the Philippines - statistics & facts
From just 214 units in 2019, the number of electric vehicles sold in the Philippines rose by over 8,600 percent in 2024. Increasing demand for electric vehicles (EV), alongside government incentives for importers and distributors, fueled the market’s growth. However, insufficient charging facilities and steep vehicle prices continue to hamper market penetration, which was projected to have one of the lowest EV adoption rates in Southeast Asia in 2035.
