BYD Cars Philippines Inc. expects to see continued growth in electrified vehicles in the country, according to a report by Philstar Biz. The company remains optimistic about the local electric vehicle market despite ongoing infrastructure challenges.
The carmaker noted, however, that government support is needed to accelerate the rollout of charging infrastructure. Faster deployment of charging stations is seen as critical to sustain demand and ease range anxiety among Filipino motorists.
Industry observers say the Philippines’ EV adoption is still in its early stages compared with regional peers. With more models entering the market and policy incentives in place, stakeholders see room for further growth, but infrastructure investment will be a key factor in realizing that potential.