Automakers upbeat on electric vehicle sales

by Janine Alexis Miguel - Ed Paolo Salting

Oct 25, 2024 12:29 am

AUTOMAKERS expect electric vehicle (EV) sales to surpass last year's results, anticipating an easy 10-percent growth this year with hybrids dominating the market.

Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) President Rommel Gutierrez said Thursday that EV sales were set to exceed the 10,000 units sold in 2023 for both hybrid and pure EVs.

GROWING NICHE Electric vehicles, such as the high-performance Hyundai Ioniq 5 N, on display at the ongoing 12th Philippine Electric Vehicle Show at the SMX Convention Center on Oct. 24, 2024 remain a small part of overall automobile sales. Automakers, however, expect take-up to increase, especially with the government having promised incentives for both manufacturers and buyers. PHOTO BY J. GERARD SEGUIA

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