The Department of Energy (DOE) is pursuing an "aggressive" fuel transition plan aimed at reducing the country's dependence on imported oil, according to a report from Philstar Biz. Key measures include higher adoption of electric vehicles (EVs) and increased biodiesel blends.
The DOE's strategy comes as the Philippines seeks to enhance energy security and reduce exposure to volatile global oil prices. The plan is expected to involve phased targets for EV integration and biofuel usage, though specific timelines and percentages were not detailed in the initial announcement.
Industry stakeholders will likely watch for implementing rules and incentives to support the transition. The move aligns with broader government efforts to promote sustainable energy and lower carbon emissions in the transport sector.