Philippines

Reported on March 19, 2026, the latest data from the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed that new motor vehicle sales in the Philippines in February 2026 declined by 8.5% YoY to 35,842 units. Passenger car sales in February fell by 13.6% to 7,047 units, while commercial vehicle sales slipped by 7.1% to 28,795 units.

Electrified vehicle sales in the month jumped by 71% YoY to 3,098 units, consisting of 2,479 HEVs, 340 BEVs, and 279 PHEVs.

In the first two months of 2026, CAMPI-TMA sales fell 9.4% YoY to 69,538 units. Passenger car sales declined by 16.7% YoY to 13,226 units, while commercial vehicle sales dropped by 7.5% to 56,312 units.

Electrified vehicle sales among CAMPI-TMA members surged by 67% YoY to 5,701 units, including 4,551 HEVs, 594 BEVs, and 556 PHEVs.

CAMPI attributed the slowdown partly to seasonal factors, including leaner supply following strong demand in December. The group also noted that geopolitical tensions in the Middle East are creating uncertainty, influencing consumer behavior and vehicle usage patterns. To address shifting demand, CAMPI members are expanding their lineups with more energy-efficient and electrified vehicle options.

By brand share, Toyota Motor Philippines Corp. led the market with a 49.33% share, followed by Mitsubishi Motors Philippines Corp. at 20.65% and Suzuki Philippines Inc. with 4.68%.

(From an article of Philstar on March 19, 2026)

Announced on March 10, 2026, Vingroup introduced a limited-time “Gasoline Trade-in for Electric” promotion across Vietnam, India, Indonesia, and the Philippines in response to volatile global oil prices. The initiative aims to cushion consumers from rising fuel costs while promoting cleaner mobility. 

The program offers additional incentives for customers switching from gasoline vehicles to VinFast electric models.

During the campaign period, customers trading in gasoline vehicles for VinFast electric cars receive an extra 3% discount, while electric motorcycles receive an additional 5% discount, on top of existing incentives in each market.

At the same time, Green SM, Vingroup’s electric ride-hailing service, is offering a 10% fare reduction in Vietnam and Indonesia from March 11 to March 31, 2026.

The company added that the campaign could be extended depending on future fuel price trends and geopolitical developments in the Middle East.

(From VinFast Auto press release dated March 10, 2026)

Reported on February 27, 2026, the Denza D9 PHEV has officially launched in the Philippines, carrying an introductory price of PHP 3,998,000 for the first 300 customers. At the same time, Denza’s first flagship dealerships in key locations, Alabang, Makati, San Juan, and Cebu.

The full-size luxury MPV measures (LWH) 5,250x 1,960x 1,920 mm, with a 3,110 mm wheelbase. It is powered by BYD’s 5th-generation DM-i plug-in hybrid system with all-wheel drive, producing a combined 406 PS and 681 Nm of torque for a 0–100 km/h time of 7.9 seconds.

The system pairs a 130 PS gasoline engine with dual electric motors and a 40-kWh BYD Blade (LFP) battery, offering up to 180 km of pure electric range and a total combined range of 980 km. Charging supports up to 80 kW DC fast charging (30–80% in around 25 minutes), 11 kW AC charging, and 3.3 kW vehicle-to-load capability. The D9 also comes equipped with DiSus-C adaptive suspension, nine airbags, and the DiPilot advanced driver assistance system.

Looking ahead, Denza Philippines will expand its lineup in 2026 with the launch of two plug-in hybrid SUVs, the B5 and B8, expected in March, followed later in the year by the Z9 GT high-performance luxury shooting brake.

(From an article of CarGuide.PH (I/ II/ III) and Denza Philippines social media updates)