Philippines

Reported on May 7, 2024, the Philippines’ Trade Undersecretary revealed that the Department of Trade and Industry (DTI) intends to complete the draft executive order (EO) for a proposed incentive scheme to encourage EV use and present it to the Philippine President by 2024.

The DTI has formulated an EV incentive scheme that would provide fiscal and non-fiscal support to both manufacturers and consumers, planning to replicate the Comprehensive Automotive Resurgence Strategy (CARS) program in the EV industry, with a focus on electric public utility vehicles (e-PUVs).

The DTI estimates 4 million e-mobilities to be manufactured in the next 10 years, with the majority being electric 2-wheelers and e-trikes, e-PUVs and e-buses.

The plan covers the consumer subsidy program, incentives for vehicle manufacturers, battery manufacturers, as well as direct financial rebates or discounts for EV buyers.

(From an article of Philstar on May 7, 2024)

Reported on May 3, 2024, MG Philippines revealed that the MG3 and G50 Plus will be among the models brought to the Auto Focus Summer Test Drive Festival, which will be held from May 9-12.

The MG3 compact city hatchback and the new G50 Plus 7-seater MPV are set to be officially launched in the Philippines later in May.

(From an article of CarGuide.PH on May 3, 2024 and MG Philippines social media updates)

Reported on May 3, 2024, Dongfeng Motors (DFM) Philippines held the event to introduce its new management team, a new campaign called “Drive Your Friend”, and 5 new vehicles. which were launched alongside the previously-launched Aeolus Huge, Forthing Friday, and Nanobox.

1. The DFM Nammi compact EV is ideal for fashionable daily city driving. It claims a range of 430 km and a 30-minute fast-charging capability. It is priced from PHP 1,238,000.
2. The Aeolus Mage crossover SUV boasts a sporty appearance and spacious interior. It is powered by the 1.5-liter MachPower Turbo engine and is priced at PHP 1,249,000. 
3. The new Rich 7 pickup truck is equipped with a 2.3-liter turbo diesel engine with front and rear differential locks and 540-degree cameras. The model, which is a product of a joint venture with Nissan, is priced from PHP 1,298,000.
4. The Forthing U-Tour MPV is priced from PHP 1,358,000. It features a yacht-like interior, spacious seating capacity, and luxury amenities like captain seats. Its 1.5-liter turbocharged gas engine produces 197 hp and 285 Nm of torque.
5. The fully-electric military-inspired MHero SUV comes with a smart off-road architecture, intelligent cockpit design, and a 500-km range. It is priced from PHP 6,980,000.

(From Dongfeng Motors Philippines social media updates and an article of CarGuide.PH on May 3, 2024)