President Ferdinand Marcos Jr. signed an executive order establishing the Electric Vehicle Incentive Strategy (EVIS) Program to boost local electric vehicle manufacturing [1].
The move aims to position the Philippines as a competitive hub for green transportation. By offering fiscal incentives, the government seeks to attract foreign investors and capitalize on the global transition to electric mobility [1, 2].
The EVIS Program is designed to lower the barriers for companies establishing production plants within the country. The administration intends to use these incentives to accelerate the adoption of sustainable transport, while creating high-tech jobs in the manufacturing sector [2].
Mitsubishi Motors Philippines Corp. has already signaled its intent to participate in this shift. A company spokesperson said it will align its planned ₱7 billion [3] investment in local hybrid electric vehicle (HEV) production with the government's newly launched strategy.
This investment marks a significant expansion for the automaker in the region. The company's focus on hybrid technology serves as a bridge toward full electrification, aligning with the broader goals of the EVIS Program to modernize the national fleet [3].
Government officials said the program will provide a structured framework for investors to access tax breaks, and other financial benefits. The administration believes that creating a supportive regulatory environment is essential to compete with other Southeast Asian nations currently vying for electric vehicle production hubs [1, 2].
"President Ferdinand Marcos Jr. has signed an order establishing the Electric Vehicle Incentive Strategy (EVIS) Program to boost local manufacturing of electric vehicles (EVs) and attract investments through fiscal incentives," a reporter said [2].
“President Ferdinand Marcos Jr. signed an executive order establishing the Electric Vehicle Incentive Strategy (EVIS) Program.”
The launch of the EVIS Program represents a strategic shift in Philippine industrial policy, moving from simple vehicle assembly to high-value green manufacturing. By securing a multi-billion peso commitment from a major player like Mitsubishi, the Marcos administration is attempting to create a 'cluster effect' that could draw other global automakers to the region, reducing the country's reliance on imported vehicles and lowering the national carbon footprint.
