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The Philippines EV Market, Forecast to 2022
E-bikes are Likely to Continue Being the Largest Segment
03-Apr-2019
Asia Pacific
Market Research
PA55-01-00-00-00
AU01819-AP-MR_22974
The study provides an overview of the EV market in the Philippines for the period, 2017-2022. The market is segmented into e-Bikes, e-Tricycles/e-Trikes, e-Jeepneys, e-Quads, and passenger EVs. Of these, e-Bikes and e-Trikes account for 95 percent of the market. The Philippines EV market is will grow significantly over the next decade due to the country's economic growth, inadequate public transport alternatives to jeepneys and tricycles, and government support through programs and legislation. New EV launches by OEMs and the establishment of charging infrastructure are expected to further encourage growth. However, the market is likely to be challenged by the limited charging and road infrastructure, a lack of a developed supply chain for batteries and parts, uncertainty regarding standards and requirements, and ownership and usage control restrictions. It also attempts to forecast the demand in an optimistic scenario, a realistic Frost & Sullivan scenario, and a conservative scenario. The research includes the profiles and company background of a few key stakeholders that are expected to influence the market during the forecast period. It also presents a detailed discussion on key findings, Market Engineering measurements, key drivers and restraints, future outlook, growth opportunities, and companies to action.
Research Scope
- This study focuses only on the EV market in the Philippines during 2017-2022.
- It provides a strategic review of the current market.
- It identifies drivers and restraints to EV demand.
- It identifies growth opportunities for stakeholders.
Key Issues Addressed
- What are the factors encouraging the adoption of EVs in the Philippines?
- What does the existing market for EVs look like?
- What are the policies and regulations related to the EV market in the Philippines?
- Who are the key players and stakeholders in the market?
- What are the challenges, drivers, and restraints to the EV market?
Author: Paulo Mutuc
Key Findings
Market Engineering Measurements
EV Policies and Programs
EV Market Size and Segments
Research Scope
Research Aims and Objectives
Key Questions this Study will Answer
Research Methodology
Strategic Imperative for EVs
Domestic Policies and Programs for EVs
Domestic Policies and Programs for EVs—EO 488, 877-A
Domestic Policies and Programs for EVs—E-Tricycle Program
Domestic Policies and Programs for EVs—DTI-BOI IPP
Domestic Policy for EVs—Excise Tax Exemption
Domestic Policy for EVs—PUV Modernization Program
Domestic Policy for EVs—Standards
Domestic Policy for EVs—Registration Procedures
Domestic Policy for EVs—Registration Procedures (continued)
EV Market Overview—Industry Snapshot
EV Market Overview—Market Segments
EV Market Overview—Vehicles in Use by Segment, 2017
EV Market Overview—Vehicles in Use, 2014–2017
EV Market Overview—Passenger EV Models Available
Infrastructure Overview—Charging Stations
Infrastructure Overview—Charging Stations (continued)
Infrastructure Overview—Charging Stations (continued)
Stakeholder Profile—BEMAC
Stakeholder Profile—PhUV, Inc.
Stakeholder Profile—ToJo Motors
Stakeholder Profile—MERALCO
Stakeholder Profile—QEV Philippines
Stakeholder Profile—UniOil
Market Drivers
Drivers Explained
Drivers Explained (continued)
Drivers Explained (continued)
Market Restraints
Restraints Explained
Restraints Explained (continued)
Market Engineering Measurements
EV Market Forecast
Forecast Scenario Assumptions and Discussion to 2022—Conservative Scenario
Forecast Scenario Assumptions and Discussion to 2022—Optimistic Scenario
Forecast Scenario Assumptions and Discussion to 2022—F&S Scenario
Growth Opportunity—EV Public Transport Fleet Operations
Growth Opportunity—EV Batteries, Parts, and Servicing
Growth Opportunity—Passenger EV Leasing
Strategic Imperatives for Success and Growth
Summary of Findings and Key Conclusions
The Last Word—Three Big Predictions
Legal Disclaimer
Table of Acronyms
Table of Acronyms (continued)
List of Exhibits
The Frost & Sullivan Story
Value Proposition—Future of Your Company & Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy
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