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Mitsubishi Motors

₱60B EVIS vs. ₱1.99M Grant: The Philippine EV Math Doesn't Add Up

₱60B EVIS vs. ₱1.99M Grant: The Philippine EV Math Doesn't Add Up

😬 The ₱60-Billion Bet: Can the Philippines Build Its Own EV? ₱60 billion in EV tax breaks — but one homegrown factory got a ₱1.99M DOST grant. That's a gap of ₱4.998 billion per model 😬 Filipino xEV sales jumped 142% in 2025 while overall car sales dropped
Barista @ Cafecito 28 Aug 2026

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