Trade Secretary Alfredo E. Pascual said the Philippines seeks to create an “end-to-end” value chain from the mining and processing of green metals to the local manufacturing of batteries, charging stations or units, and electric vehicles (EVs). Know more:
Trade Secretary Alfredo E. Pascual said the Philippines seeks to create an “end-to-end” value chain from the mining and processing of green metals to the local manufacturing of batteries, charging stations or units, and electric vehicles .
According to the Department of Trade and Industry , EVT is now entering the Philippines and is geared to set up a manufacturing plant for electric vehicles at the Clark Freeport Zone. “Given the presence of abundant nickel and cobalt reserves, the Philippine government is consistently promoting the country as a potential manufacturing hub for battery production,” Pascual said.
The DTI said anew that several legislations have been passed to develop the local EV industry, such as the Comprehensive Roadmap for the Electric Vehicle Industry and the Electric Vehicle Industry Development Act , which will require the government to implement and allocate 5 percent of their fleet to EVs.
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