Philippines to produce first-ever local hybrid EVs with Mitsubishi

MANILA, Philippines — The Philippines, through Mitsubishi Motors Corp., is set to produce its first locally-made hybrid electric vehicles (HEVs). This, in a bid to reduce the country’s dependence on oil imports and open the door to future exports. The Department of Finance (DOF) said on Monday local HEV production aligns with the Electric Vehicle Industry Development Act. READ: Electric vehicles gain steam in PH Also, this puts the country toward full electrification as battery costs decline and renewable energy capacity grows. It is also seen to cut urban emissions. “This is a landmark investment that will redefine the future of […]... Keep on reading: Philippines to produce first-ever local hybrid EVs with Mitsubishi

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