The Philippine electric vehicle (EV) market is smaller than its neighbors in the Southeast Asian region in terms of size. However, with changes in energy policy, government incentives for investment and adoption of cleaner technologies, the Philippines EV market has a bright future.

EVIDA LAW INCENTIVIZES DEVELOPMENT OF EV INDUSTRY: In April 2022, the Philippines passed the Electric Vehicle Industry Development Act (EVIDA, Republic Act 11697).The passage of the EVIDA is in line with Philippine policies that seek to ensure the country’s energy security and independence by reducing the transportation sector’s dependence on imported fuels.

The passage of the Act helps the Philippine EV industry to develop more granular guiding regulations to facilitate private sector participation in a level and non-discriminatory playing field. Under the EVDA, all electric and hybrid vehicles will be issued a special EV license plate and will be entitled to tax exemptions. Under the TRAIN Act, also known as the Tax Reform for Acceleration and Inclusion Act (TRAIN), fully battery-powered vehicles will be exempted from 100 percent of the excise tax, while hybrids powered by both fuel and batteries will be exempted from 50 percent of the excise tax.

Import tariff reduction to boost electric vehicle import growth in the Philippines: the Philippine National Economic and Development Authority (PNEDA) passed an executive order on November 24, 2022 that will reduce tariffs on several imported electric vehicles and parts in early 2023. At that time, the authority will temporarily withdraw tariffs on imported EVs for a period of five years, but will not apply to hybrid vehicles. The current 5 percent tariff on electric vehicle parts will be reduced to 1 percent within the same period.

The Philippines’ Department of Transportation (DOTr) is implementing a Public Utility Vehicle (PUV) Modernization Program, a massive transportation initiative that calls for the phasing out of jeepneys (World War II-era jeepneys converted to public transportation) that are at least 15 years old and replacing them with environmentally friendly alternatives. The replacements can be Euro 4 compliant vehicles or electric vehicles. There are nearly 180,000 jeeps in the country that need to be replaced, and the electric vehicle industry is aiming to meet 10 percent of this potential demand.

From 2020-2022, electric vehicle sales in the Philippines are growing year-on-year, with a CAGR of 63.70% from 2020-2022, according to CRI’s analysis. In 2020, only 378 electric vehicles will be sold in the Philippines, and by 2022, this number grows to 1,013, a year-on-year increase of 20.17%.

CRI expects the sales volume of Philippine’s EV to reach 150,800 units in 2032, growing at a CAGR of 59.7% from 2023-2032.

The Philippine electric vehicle market is expected to see rapid growth in the next few years, and CRI anticipates that the Philippine electric vehicle supporting facilities industry, such as charging piles and charging stations, will also see many investment opportunities.

Topics covered:

• Overview of the Electric Vehicle Industry in the Philippines
• Economic and Policy Environment of the Philippine Electric Vehicle Industry
• What is the impact of COVID-19 on the Philippine electric vehicle industry?
• Philippines Electric Vehicle Industry Market Size, 2023-2032
• Analysis of Major Philippine Electric Vehicle Industry Manufacturers
• Key Drivers and Market Opportunities in the Philippine Electric Vehicle Industry
• What are the key drivers, challenges and opportunities for the Electric Vehicles industry in the Philippines during the forecast period 2023-2032?
• Which are the key players in the Philippines Electric Vehicle Industry market and what are their competitive advantages?
• What is the expected revenue of the Electric Vehicle Industry market in Philippines during the forecast period of 2023-2032?
• What strategies have been adopted by the key players in the market to increase their market share in the industry?
• Which segment of the Philippines electric vehicle industry market is expected to dominate the market by 2032?
• What are the major unfavorable factors facing the electric vehicle industry in the Philippines?

Table of Contents

1. Overview of the Philippines

1.1 Geographical Situation

1.2 Demographic Structure of the Philippines

1.3 Economic Situation in the Philippines

1.4 Philippine Minimum Wage 2013-2022

1.5 Impact of COVID-19 on the Philippine Electric Vehicle Industry

2. Overview of the Electric Vehicle Industry in the Philippines

2.1 History of Electric Vehicle Development in the Philippines

2.2 FDI in the Philippine Electric Vehicle Industry

2.3 Policy Environment of the Philippine Electric Vehicle Industry

3. Supply and Demand Situation of the Electric Vehicle Industry in the Philippines

3.1 Supply Situation of the Electric Vehicle Industry in the Philippines

3.2 Demand in the Philippine Electric Vehicle Industry

4. Export and Import Status of the Electric Vehicle Industry in the Philippines

4.1 Import Status of the Philippine Electric Vehicle Industry

4.1.1 Electric Vehicle Import Volume and Value in the Philippines

4.1.2 Major Import Sources of Electric Vehicles in the Philippines

4.2 Export Status of the Philippine Electric Vehicle Industry

4.2.1 Export Volume and Value of Electric Vehicles in the Philippines

4.2.2 Major Export Destinations of Electric Vehicles in the Philippines

5. Cost and Price Analysis of the Electric Vehicle Industry in the Philippines

5.1 Cost Analysis of the Philippine Electric Vehicle Industry

5.1.1 Manpower Costs

5.1.2 Cost of Raw Materials

5.1.3 Other Costs

5.2 Price Analysis of the Philippine Electric Vehicle Industry

6. Market Competition in the Philippine Electric Vehicle Industry

6.1 Barriers to Entry in the Philippine Electric Vehicle Industry

6.1.1 Brand Barriers

6.1.2 Quality Barriers

6.1.3 Capital Barriers

6.2 Competitive Structure of the Philippine Electric Vehicle Industry

6.2.1 Bargaining Power of Electric Vehicle Suppliers

6.2.2 Consumer Bargaining Power

6.2.3 Competition in the Philippine Electric Vehicle Industry

6.2.4 Potential Entrants in the Electric Vehicle Industry

6.2.5 Alternatives to Electric Vehicles

7. Analysis of Major Electric Vehicle Companies in the Philippines

7.1 Jaguar

7.1.1 Jaguar Corporate Profile

7.1.2 Jaguar Corporate Electric Vehicle Sales

7.2 Changan

7.2.1 Changan Company Profile

7.2.2 Electric Vehicle Sales of Changan Enterprises

7.3 BYD

7.3.1 BYD Corporate Profile

7.3.2 BYD Enterprise Electric Vehicle Sales

7.4 Nissan

7.4.1 Nissan Corporate Profile

7.4.2 Nissan Corporate Electric Vehicle Sales

7.5 Tojo Motors

7.5.1 Tojo Motors Corporate Profile

7.5.2 Tojo Motors Corporate Electric Vehicle Sales

7.6 Honda

7.6.1 Overview of Honda Enterprises

7.6.2 Electric Vehicle Sales of Honda Enterprises

7.7 BMW

7.7.1 Overview of BMW Enterprises

7.7.2 BMW Corporate Electric Vehicle Sales

7.8 KYMCO

7.8.1 KYMCO Corporate Profile

7.8.2 Electric Vehicle Sales of KYMCO Enterprises

7.9 Lexus

7.9.1 Lexus Corporate Profile

7.9.2 Lexus Corporate Electric Vehicle Sales

7.10 Toyota

7.10.1 Overview of Toyota Enterprises

7.10.2 Electric Vehicle Sales of Toyota Enterprises

8. Philippines Electric Vehicle Industry Outlook, 2023-2032

8.1 Analysis of Factors for the Development of the Electric Vehicle Industry in the Philippines

8.1.1 Drivers and Growth Opportunities for the Electric Vehicle Industry in the Philippines

8.1.2 Threats and Challenges Facing the Electric Vehicle Industry in the Philippines

8.2 Supply Forecast for the Electric Vehicle Industry in the Philippines

8.3 Electric Vehicle Market Demand Forecast in the Philippines

8.4 Export and Import Forecasts for the Philippine Electric Vehicle Industry

The post Philippines Electric Vehicle Industry Research Report 2023-2032 first appeared on CRI Report.

In the global and Chinese markets, electric car manufacturers are divided into two categories. One is traditional car manufacturers such as Toyota, local, Volkswagen, GM, Renault, Ford, BMW, BYD, etc. The other category is emerging companies, such as Tesla, NIO, XPEV, etc. In 2020, Tesla occupied the number one position in the global electric vehicle market with approximately 490,000 sales. Other leading companies include Volkswagen, General Motors, Renault, BYD and so on. According to CRI’s analysis, in 2020, the competitive landscape of China’s new energy vehicles will also change. Tesla, NIO, and XPEV have performed well in the Chinese auto market and the global capital market, while many traditional car companies have not performed well. For example, NIO’s electric vehicles are contracted by JAC and sold only by JAC. However, as of the end of January 2021, the market value of JAC, which has a history of more than 20 years, is less than US$3 billion, while the market value of NIO, which has a history of only 6 years, has reached approximately US$90 billion.
According to CRI analysis, the rapid global growth of the electric vehicle market has benefited from many factors such as government subsidies, fashionable designs, and the popularity of environmental protection concepts.
According to CRI analysis, although the Chinese government has reduced the number of subsidies for consumers to purchase electric vehicles since 2019, for consumers, buying electric vehicles is still more favorable than fuel vehicles. For example, the application fee for a petrol vehicle license in Shanghai, China’s largest city, is more than 100,000 yuan (approximately US$15,000), while the purchase of an electric vehicle can get a license for free. Therefore, more and more Chinese consumers are buying electric vehicles. On December 30, 2019, the completion of Tesla Giga Shanghai in Shanghai, China further marked that China’s electric vehicle market has become a hot spot for competition between global traditional auto companies and emerging auto companies.
According to CRI analysis, there are certain differences between the electric vehicle industry chain and fuel vehicles. On the one hand, there are differences in auto parts, and the electric vehicle industry chain includes power lithium batteries, charging stations and other industrial chain links that are not needed by the traditional auto industry. For traditional car manufacturers, parts manufacturers, and car dealers, if they want to enter the electric car market, they need to conduct comprehensive market research and product design.
CRI predicts that from 2021 to 2025, global sales of fuel vehicles will continue to show a downward trend, while global annual sales of electric vehicles will maintain a CAGR of at least 20%. By 2025, global annual sales of electric vehicles will reach more than 10 million.

Topics covered:
-The impact of COVID-19 on the Global Electric Vehicle Industry
-Global and China’s electric vehicle industry development environment
-Global and Chinese electric vehicle production and sales 2012-2020
-Analysis of global and Chinese electric vehicle industry chain
-Major companies in the global and Chinese electric vehicle market
-Traditional auto companies, such as Toyota, Volkswagen Group, General Motors, BYD, etc.
-Emerging electric vehicle companies, such as Tesla, NIO, XPEV, etc.
-2021-2025 global electric vehicle market driving force and market opportunities
-Global Electric Vehicle Market Outlook 2021-2025

The post Research Report on Electric Vehicle Industry in Globe and China, 2021-2025 first appeared on CRI Report.

Research Report on Charging Piles for Electric Vehicles in China, 2018-2022

The post Sample of Research Report on Charging Piles for Electric Vehicles in China, 2018-2022 first appeared on CRI Report.

China’s lithium battery separator industry began in 2002, developed fast from 2009, and entered a high growth path in 2014 as driven by the prosperity of new energy vehicles. The industry’s market size grew from CNY 1.3 billion in 2013 to CNY 4.25 billion in 2017 at a growth rate over 300%. At present, lithium battery separators are mainly produced by dry process and wet process. Wet-processed separators surpass dry-processed ones in the size and distribution of apertures, mechanical strength and pyrocondensation. Wet processing is increasingly important and has become the direction for separator development as lithium batteries have higher energy density and quality.

The separator has the highest technological barrier among lithium battery materials. Domestic enterprises are proficient in dry process but poor at wet process due to the lack of technical talents. The wet processing of separators in China relies on imported production equipment featured by high prices and expensive debugging. Long certification cycle and stable supply chain are also the barriers against new entrants. As the demand continues to rise, the number of industry players is growing sharply, which leads to more fierce competition and lower product prices. The industry players are rapidly expanding their production capacity, hoping that mass production can help them gain an upper hand in the price competition and seize the market with higher production efficiency and more stable product quality. In 2017, the production capacity of lithium battery separators in China reached 2.7 billion sqm, which was excessive. It is expected to exceed 8 billion sqm in 2022, which will result in more overcapacity.

As domestic manufacturers make technological progress in the wet process, the industry localization will be accelerated and more market opportunities will be created. Domestic-made separators are seeing quality improvement with prices lower than their foreign counterparts. Therefore, lithium-ion battery enterprises prefer domestic-made separators that have higher cost performance. The government policies’ planning for and support to the new energy vehicle industry guarantee the demand growth in the lithium battery separator industry. It is expected that the market size of lithium batterie separators will exceed CNY 20 billion in 2022.

Topics Covered:
– Economic and policy environments of lithium battery separators
– Supply of and demand for lithium battery separators in China
– Competition in China’s lithium battery separator industry
– Major lithium battery separator manufacturers in China
– Driving forces and market opportunities for China’s lithium battery separator industry from 2018 to 2022
– Prospect of China’s lithium battery separator industry from 2018 to 2022

The post Research Report on China’s Lithium Battery Separator Industry, 2018-2022 first appeared on CRI Report.

Topics Covered:
– The policy environment and economic environment for the charging pile industry
– The development of China’s charging pile industry
– Major charging pile manufacturers in China
– Market competition of charging piles
– Driving forces and market opportunities for China’s charging pile industry, 2018-2022
– Prospects of China’s charging pile industry, 2018-2022

The post Research Report on Charging Piles for Electric Vehicles in China, 2018-2022 first appeared on CRI Report.