EV industry hoping to top 20% market share in 2026

October 22, 2026 at 9:47 PM (Asia/Manila) 1 min read Source: BusinessWorld

THE Electric Vehicle Association of the Philippines (EVAP) called a 20% market share the electric vehicle (EV) industry’s optimistic scenario, likely driven by the oil price volatility that is dampening interest in internal combustion engine (ICE) vehicles.