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MEDIA RELEASE
31 July 2026
DOE Welcomes EV Incentive Strategy to Strengthen Energy Security, Make Electric Vehicles More Affordable
The Department of Energy (DOE) welcomed President Ferdinand R. Marcos Jr.'s issuance of Executive Order (EO) No. 121 establishing the Electric Vehicle Incentive Strategy (EVIS) Program, describing it as a landmark policy that will accelerate investments in electric vehicle (EV) manufacturing, make EVs more affordable for Filipino consumers, strengthen the country's energy security, and position the Philippines as a competitive player in the regional EV value chain.
The Executive Order puts into action the manufacturing component of the Comprehensive Roadmap for the Electric Vehicle Industry (CREVI) under the Electric Vehicle Industry Development Act (EVIDA). It provides targeted fiscal incentives to encourage the domestic manufacture and assembly of electric vehicles and their parts and components while establishing a whole-of-government framework to support the industry's long-term growth.
Energy Secretary Sharon S. Garin said the issuance of the Executive Order marks a major step toward building a complete electric mobility ecosystem by enabling the Philippines to become a competitive manufacturing destination for the next generation of clean transport technologies.
"The President has made it clear that the Philippines should not only use electric vehicles --- we should build them. Executive Order No. 121 turns that vision into action by giving investors the confidence to manufacture in the Philippines, creating quality jobs for Filipinos, and making electric vehicles more affordable and accessible to every Filipino family," Secretary Garin said.
Secretary Garin also emphasized that the EVIS Program complements the Department's continuing efforts to expand the country's EV charging network, encourage consumer adoption of electric vehicles, modernize the transport sector, and accelerate the use of cleaner and indigenous sources of energy.
The Department estimates that increased local manufacturing and assembly could reduce prevailing EV prices by approximately 6% to 12%, translating to potential savings of as much as ₱200,000 per vehicle, depending on the model. Lower production and logistics costs are likewise expected to expand consumer choice, improve market competition, and make electric vehicles increasingly accessible to Filipino households, businesses, and public transport operators.