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NEDA approves funding for 100,000 electric tricycles

TopGear.com.ph Philippine Car News - NEDA approves funding for 100,000 electric tricycles

Electric tricycles will soon be a common sight as the National Economic and Development Authority (NEDA) has recently approved the Market Transformation through Introduction of Energy Efficient Electric Tricycle (e-Trike) Project.

Expected to cost P21.5 billion, the project aims to reduce the fuel consumption of tricycles by 2.8 percent which, according to NEDA, is equivalent to 560,926 oil barrels.

"The project will distribute 100,000 e-Trikes to tricycle operators on a lease-to-own arrangement, replacing their old gas-fed and two-stroke gasoline engine units. This way, we are also able to protect our environment," said socioeconomic planning secretary and NEDA board vice chair Cayetano Paderanga Jr.

The first phase of the project will see 20,000 e-Trikes being distributed to operators in Metro Manila, Boracay, Puerto Princesa City, Cabanatuan City and Davao City. For the second phase, 80,000 units will be distributed to operators in municipalities and cities that are "yet to be determined" by NEDA.

Proposed by the Department of Energy, the project will be financed through a P12.9 billion loan from Asian Development Bank, a P4.3 billion loan and P43 million grant from the Clean Technology Fund, a P860 million Clean Development Mechanism facility and a P3.397 billion government counterpart funding.

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  • SilverDragon Mar 28 2012 @ 04:14pm
     
    Hmmm, changing the gas guzzling tricycles to battery equipped ones is a good thing. The only problem is that some of our electricity (if not mostly) is generated from coal-burning generators and I think this problem should be addressed first. Just think of it, if everyone uses electric-power vehicles then we need more electricity, to do that we need to burn more coal. Go figure.
       
  • 17Sphynx17 Mar 28 2012 @ 04:46pm
     
    So each e-trike cost around 215k php?

    Is this the e-trike model with or without the solar panels? It doesn't say. If it is self charging, then maybe it is not such a bad thing, plus if it had regenerative charging through brakes (KERS - which I doubt). So, it is but a facade of being "eco-friendly" yet relying on coal burning power plants. Hayzz..

    Clarifications please.

    Btw, since it is meant to replace the two stroke trikes or the "regular" trikes of the metro, does it mean that the price of exchanging the regular trikes already lowered the cost of the e-trike to 215k? Or they never considered the value of the item being replaced in the total budget? If the value of the gas fed trike was not considered, then what is the estimated return to the government or the value of "downpayment" by said etrike operators now per e-trike? Is it actually 215k php less "downpayment through the surrendering of gas fed trike", then fixing the remaining balance in the lease-to-own scheme? If not, then what is the model?

    Also, I understand we are accustomed to using trikes, but why are we constrained to relying on them everywhere? Aren't we supposed to improve mass transit and not personal transit? Places like SG, HK, Macau don't have a transport model that relies on a vehicle like trikes right? As such, would this be an interim solution while the government tries and aims to improve further the mass transit system? Or is this part of the whole plan?
       
  • lomo13 Mar 28 2012 @ 06:17pm
     
    and you thought there's too much tricycles already.
    why not put the funding in buses and jeepneys? they produce more pollution.
       
  • GTi Mar 28 2012 @ 06:53pm
     
    Ganda ng front wheel ng e-trike ah! Parang galing big bike! ^0^
       
    • Kyoichi Sudo Mar 29 2012 @ 12:52am
       
      inakala ko ngang wheel ng Ducati eh hahahahaha..........
          1
  • vonschnipp Mar 29 2012 @ 11:14am
     
    These e-trikes should only be deployed in places where electricity is generated by geothermal or hydro power, otherwise the environmental argument becomes invalid. The choice of cities is wrong.
       
  • Kim John Mar 29 2012 @ 08:28pm
     
    sana gumawa rin sila ng electric engine for the jeepneys.
       
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