E-vehicles forecasted to gain significant growth by 2017 as companies innovate to respond to climate change
Manila, Philippines, 17 August 2012 – With the Philippines ranking third in the list of countries most vulnerable to climate change, the country continues to face significant economic losses and environmental risks due to its constant exposure to severe natural disasters like floods due to rising sea levels. There is now a pressing need for the country to be resilient to the adverse effects of climate change and to support global efforts to combat it.
The automotive industry, as one of the biggest emitters of CO2, sees electromobility (e-mobility) or the electrification of vehicles as its response to the need for substantial improvements in environmental efficiency. Although electromobility has been a recurring theme to the automotive industry’s efforts to lower CO2 emissions, recent years have seen new development opportunities for electric vehicles (EVs) in the Philippines.
