The executive order, signed by Philippine President Ferdinand Marcos Jr., formally establishes the Electric Vehicle Incentive Strategy (EVIS) programme to support domestic electric vehicle manufacturing. It covers the local manufacture of battery-electric vehicles, hybrid electric vehicles, plug-in hybrids and fuel cell electric vehicles, including passenger cars, commercial vehicles and their parts and components.
According to the executive order, the EVIS programme is intended to ‘promote local manufacturing of EVs, including their parts and components, attract investments to expand domestic EV manufacturing operations, and develop the Philippines as a regional automotive manufacturing hub.’ It also aims to increase EV adoption, reduce the country’s dependence on fossil fuels and support its greenhouse gas reduction commitments.
Support per manufacturer is capped at 15 billion pesos. Carmakers can apply to register up to two vehicle models.
If there are more applications than funding, the government will select up to four manufacturers based on criteria including investment size, production plans, economic impact, job creation and compliance with national and international vehicle standards. Applicants must also present an after-sales support plan, including battery disposal or recycling and spare parts availability for at least ten years.
