Francisco Motors has officially entered the electric vehicle market with the launch of the Elektron, its first fully electric passenger SUV. According to a report by YugaTech, the vehicle is priced starting at ₱1,947,000, making it one of the more affordable EV options in the Philippine market.
The Elektron SUV is designed to cater to the growing demand for sustainable transportation in the country. Francisco Motors aims to leverage its local manufacturing expertise to produce EVs that are both cost-effective and suited to Philippine road conditions.
This launch marks a significant step for the Philippine automotive industry, as more local manufacturers pivot to electric mobility. The Elektron is expected to compete with other budget-friendly EVs in the segment, potentially increasing EV adoption in the country.