BYD Cars Philippines expects electric vehicle (EV) sales to remain strong for the rest of the year, citing the Marcos administration’s support for wider EV adoption, according to a report by BusinessWorld.
In the State of the Nation Address (SONA), President Ferdinand Marcos Jr. encouraged the EV market, which BYD Cars Philippines described as positive feedback for those in the EV space. The company sees this as a boost to consumer confidence and industry growth.
BYD’s optimistic outlook aligns with the government’s push for sustainable transportation, as the Philippines seeks to reduce reliance on fossil fuels and promote greener alternatives. The company continues to expand its presence in the local market.