DTI: PH can be a regional manufacturing hub for EV components

The agency sees a lot of potential
by Leandre Grecia | Sep 25, 2020
PHOTO: Kia

Electric vehicles aren’t widely available yet here in the Philippines, and some of the main reasons revolve around the issues of regulation and the lack of proper EV infrastructure. That said, the Department of Trade and Industry (DTI) sees potential and still believes that the country can become a regional manufacturing hub for various EV components.

During the 8th Philippine Electric Vehicle Summit that was recently held online, DTI secretary Ramon Lopez said that the country’s “strong electronic and electronic parts sector, mineral resources, and development of its competency in EV technology” are its three key advantages in the EV industry.

Lopez stressed that locally manufactured electronic components account for more than 50% of Philippine exports, and said that the EV industry can leverage on strengths in domestic production to develop components for electric vehicles.

“More than just locally manufacturing e-PUVs (public utility vehicles), let us envision the Philippines to be a globally competitive and innovative manufacturing hub for strategic EV parts and components like auto-electronics, charging stations, and EV batteries,” Lopez added.

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The agency chief also emphasized that the country is rich in mineral resources used for producing batteries, such as nickel and cobalt. “In fact, the Philippines hosts 5% of global nickel reserves and 4% of global cobalt reserves. Let us make use of these valuable reserves to produce high-value products such as batteries,” he added.

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EVs becoming commonplace on our roads might still be a long way off. Still, it’s worth noting that we’ve seen a flurry of fully-electric, plug-in hybrid, and self-charging hybrid vehicles arrive over the past year alone—and from brands like Toyota, Mitsubishi, BMW, Jaguar, and Land Rover no less—so it’s safe to say that the automotive industry sees potential in our market. What say you? Do you believe there’s a future for EVs here in our market?

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PHOTO: Kia
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