EVs gain ground in the Philippines as fuel costs squeeze drivers
The Philippines’s electric vehicle (EV) market is expected to keep growing in 2026 even as the broader car industry contracts, underscoring how fuel costs, government incentives and cheaper Chinese models are beginning to shift buyer behaviour in one of Southeast Asia’s more difficult markets for electrification. BMI Country Risk and Industry Research forecasts electric vehicle […] The post EVs…
The electric vehicle (EV) market in the Philippines is anticipated to continue its growth in 2026, despite the broader car industry facing a contraction. This growth can be attributed to factors such as fuel costs, government incentives, and the availability of cheaper Chinese models, which are gradually influencing buyer behavior in a market that has been challenging for electrification in Southeast Asia.
According to BMI Country Risk and Industry Research forecasts, electric vehicle sales in the Philippines are expected to increase by 11.2% year-on-year in 2026, rising from 29,479 units to 32,776 units. This growth is significant as it is projected that total vehicle sales in the country will decline by 8.7% to 423,750 units in the same year. Consequently, EV penetration is expected to rise from 6.4% in 2025 to 7.7% in 2026.
Written by urgent.news from e27's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
