As the Philippines enters an era of electric-powered vehicles, the Department of Trade and Industry (DTI) is urging Chinese enterprises on electric vehicles (EV) and batteries to bring their business into the country.
The word came following DTI’s recent participation in the 2022 International Summit on Lithium Battery Technology and Application for Light Electric Vehicles (BLEV 2022), which was held in Guangzhou, China, where it made a pitch for the opportunity.
The proposal also draws from the recently ratified (May 2022) Electric Vehicle Industry Development Act (EVIDA), which DTI Foreign Trade Service Corps (FTSC) Assistant Secretary Glenn Peñaranda claims will support the development of e-vehicles in the Philippines.
As EVIDA came into law, it is anticipated that stakeholders will establish a Comprehensive Roadmap for the Electric Vehicle Industry (CREVI) to serve its purpose as a blueprint of the e-vehicle sector at the nationwide level.
The roadmap, in turn, will act as a catalyst for the progression, commercialization, and use of e-vehicles, as well as the Electric Vehicle Incentive Strategy (EVIS).
Adding to EVIDA are also other policies, like the Public Utility Vehicle Modernization Program and the Strategic Investment Priority Plan (SIPP), that will help foster the growth of electric vehicles in the country.
Source: Philippine News Agency