According to the Global Automotive Information PlatformAccording to MarkLines data, in 2022, ASEAN is the world's largestfourYamatofiveGlobal ranking ratio of production and sales in major automobile producing regionsIn 2021, each will increase by one place.Regarding data display,In 2021, the ASEAN electric vehicle market was approximately $10 billion, and it is expected to reach $18 billion by 2027, with a compound annual growth rate of over 10% over the next five years.

Thanks to the advantages of natural resources, industrial foundation, and rapid policy responsiveness, Thailand and IndonesiaHas become ASEANA truly cutting-edge market for electric vehicle production and sales in the region.According to ReutersEarlierReportedly, the Philippines is attracting electric vehicle manufacturers and revitalizing export-oriented industries through tax incentives and faster licensing efficiency.

As an early integration into the global trade market and known as the emerging automotive manufacturing center in Asiathe Philippines,Ready to face fierce competition from Thailand and Indonesia.

In the past,The automotive industry in the Philippines is highly dependent on imported fuels,In 2021, the Philippines imported approximately 18.7 billion liters of petroleum products, with diesel accounting for the highest proportion, exceeding 8 billion liters, and gasoline imports totaling approximately 4 billion liters.

However,Oil prices are easily influenced by international politics, economy, and environment,To stimulate market demand under high oil prices,On April 15, 2022, the Philippines promulgated the Electric Vehicle Industry Development Act (RA No. 11697), aimed at accelerating the development and commercialization of electric vehicles in the country and incorporating it into the Philippines' energy plan and national transportation policy.

This bill provides comprehensive development considerations for the standards, promotion, and construction of electric vehicles, their charging stations and parking spaces, the electrification of public transportation, the commercialization of related technologies, and the vocational skills training of related personnel in all aspects and processes. The bill also establishes a comprehensive roadmap for the electric vehicle industry（According to CREVI, the Philippine government plans to have 850000 electric vehicles and 20300 charging stations nationwide by 2040.

Step intoIn 2023, the Philippines, which successfully completed its government transition, maintained a stable and orderly domestic and foreign policy situation, and also expanded its electric vehicle industryagainIt has been put on the government's priority development agenda.

According to the Philippine Presidential OfficeThe copy of Executive Order No. 12 issued on January 13, 2023, directly reduces tariffs on all pure electric vehicles to zero and will continue for 5 years. Philippine Minister of Economic Planning, Arsenio Balisacan, stated at a press conference, "The executive order aims to expand market product sources, encourage consumers to purchase electric vehicles, improve energy security by reducing dependence on imported fuels, and promote the growth of the domestic electric vehicle industry ecosystem."

Of course, in terms of the development of the electric vehicle industry, Thailand and Indonesia have gone a longer way after all,In terms of industrial chain construction, countries such as Singapore have gradually established their core advantages... becoming an ASEAN electric vehicleincreaseOn the road to hot land, there are still many places in the PhilippinesCompulsory courses need to be completed.