Government’s public utility modernization initiative coupled with rising fuel cost contributed in the growth of LEV market in Philippines: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Rising Fuel Cost Rising fuel cost in Philippines in 2022 due to supply constraints and higher foreign exchange rate amidst global tension between Russia and Ukraine, contributes in consumers shifting preference towards availing electric vehicles compared to the conventional ICE vehicles. As Philippines is heavily dependent on imports for its as oil/fuel consumption, higher foreign exchange rate results in increasing fuel costs making it financially taxing for consumers to avail fuel operated vehicles. Competitive Landscape in Philippines Light Electric Vehicle Industry The market is concentrated among few major international players for the four-wheeler LEV segment such as Nissan, BYD, and Toyota among others. Lack of domestic manufacturers makes the market moderately competitive. For the two and three-wheeler LEV segment, the market is highly competitive with both domestic and international manufacturers competing in the ecosystem. Some of the major players operating in the two/three wheeler LEV ecosystem includes NWOW, Tojo Motors and Bemac among others. Players in the LEV market compete on the basis of price, type of battery used in EV, battery capacity, charging time, range in distance, charging cost. LEV brands and manufacturers also faces high threat of substitution due to the huge upfront cost for EVs, making it suitable for consumers to opt for lesser priced ICE vehicles. Economic Growth in Philippines Steady economic growth in Philippines served as a catalyst for the increasing adoption of EVs in the country. Even though, the share of electric passenger cars was comparatively lower than that of e-tricycles and electric two wheelers in 2022 but in coming years, the demand for EV will witness massive surge supported by strong economic growth coupled with increasing domestic investment and rising per capita disposable income. Low Maintenance Cost The internal combustion engine (ICE)-powered vehicles and motorcycles feature a complicated setup including spark plugs, air & oil filters, timing belts and gearbox among others. Electric vehicles, on the other hand, feature a simple internal layout with fluids, tires, and brake pads. Thus, calling for a lower maintenance cost compared to ICE vehicles, which was preferred by the consumers especially e-scooter users. Coupled with that, running cost of a BEV on an average is 10 times cheaper since utilization of fuel is negligible over a vehicle’s lifespan. Increasing Awareness on Environmental Impacts In 2021, the concentration of fine particulate matter (PM 2.5) causing air pollution, reached 58.4 µg/m3 in the megacity of Metro Manila during dry season, which is 11 times more than the prescribed limit set by WHO. The surging threat to the environment positively contributed in enhancing the demand of EVs due to consumers increasing consciousness towards limiting carbon emissions and reducing air pollution. The infrastructural shift towards adoption of EVs will assist the country in its aim for reducing greenhouse emissions by 75% by 2030. The publication titled “Philippines Light Electric Vehicle Market Outlook to 2027: Driven by government initiative to develop the EV industry and increasing consumer preference towards limiting carbon footprint” provides a comprehensive analysis of the light electric vehicle industry by analyzing historical statistics and corresponding developments in the LEV market. The report covers various aspects including market size of two/three-wheeler, four-wheeler and consolidated LEV industry on the basis of revenue, average price & volume. Further the report covers insights on LEV market overview, ecosystem, operating model, different stages in LEV manufacturing process, value chain analysis, GDP per capita, urbanization rate, trends and developments, Porter 5 Forces Analysis, government initiatives and regulations, growth drivers, impact of COVID-19, risk factors governing the future outlook of industry, consumer demographics & preferences, and demand analysis on the basis of TAM, SAM and SOM. Insights on competitive landscape of two/three wheeler and four-wheeler brands have been covered in the report along with cross comparison between major players operating in the ecosystem on the basis of operational and financial parameters such as year of establishment, technology type, model, price, number of electric vehicles sold, market share on the basis of volume, EV range, battery type, battery capacity, company overview, geographical presence, dealerships, recent developments, business model, strengths, pain points, USP, collaboration, revenue streams, product portfolio, average price, operations, recent developments, revenue, sales, operating profit and global sales figure. The report focuses on Philippines Light Electric Vehicle Market segmentation By Type of Two/Three-Wheeler EV (E-Trikes and E-Motorcycles); By Type of Four-Wheeler EV (Passenger Car and Light Commercial Vehicle); By Type of Four-Wheeler EV Technology (HEV, PHEV and BEV); By Price of Four-Wheeler EV (Less than PHP 2,000,000, PHP 2,000,000-4,000,000 and More than PHP 4,000,000); By Type of Four-Wheeler EV Battery (Nickel Metal Hydride Battery, Lithium-Ion Battery, Nickel Manganese and Cobalt Battery); By Four-Wheeler EV Battery Capacity (Less than 2 kWh, 2-20 kWh, 20-40 kWh and More than 40 kWh); By Four-Wheeler EV Brands (Toyota, Lexus, Nissan and BYD) and By Region (Ilocos, Central Luzon, National Capital Region, Western Visayas, Central Visayas, Eastern Visayas, Mimaropa, Mindanao Region, Caraga, Bikol Region, Caragan Valley and Cordillera Administrative Region). Philippines LEV Market report concludes with projections for the future of the industry on the basis of revenue volume & average price, industry speaks and analysts’ take on the future highlighting the major opportunities. Key Segments Covered in Philippines Light Electric Vehicles Industry:- By Type of Two/Three Wheeler EV E-Trikes E-Motorcycles By Type of Four-Wheeler EV Passenger Car Light Commercial Vehicle Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTg4ODY4 By Type of Four-Wheeler EV Technology HEV PHEV BEV By Price of Four-Wheeler EV Less than PHP 2,000,000 PHP 2,000,000-4,000,000 More than 4,000,000 By Type of Four-Wheeler EV Battery Nickel Metal Hydride Battery Lithium-Ion Battery Nickel Manganese and Cobalt Battery By Four-Wheeler EV Battery Capacity Less than 2 kWh 2-20 kWh 20-40 kWh More than 40 kWh By Four-Wheeler EV Brands Toyota Lexus Nissan BYD By Region Ilocos Central Luzon National Capital Region Western Visayas Central Visayas Eastern Visayas Mimaropa Mindanao Region Caraga Bikol Region Caragan Valley Cordillera Administrative Region Time Period Captured in the Report:- Historical Period: 2017-2022 Forecast Period: 2023F-2027F Philippines Light Electric Vehicle Market Players Electric Two-Wheelers NWOW Inokim Maeving KYMCO Motor Star Electric Three-Wheelers Bemac Terra Motors Tojo Motors SunE Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTg4ODY4 Electric Four-Wheelers Toyota Nissan BYD Lexus BMW Audi Porsche Jaguar Key Topics Covered in the Report:- Overview of Light Electric Vehicle Industry Ecosystem of Light Electric Vehicle Industry Value Chain Analysis of Light Electric Vehicle Industry Operating Model of Light Electric Vehicle Industry Market Size of Light Electric Vehicle Industry by Revenue, Volume, and Average Price Market Segmentation of Light Electric Vehicle Industry (By Type of Two/Three Wheeler EV, By Type of Four-Wheeler EV, By Type of Four-Wheeler EV Technology, By Price of Four-Wheeler EV, By Type of Four-Wheeler EV Battery, By Four-Wheeler EV Battery Capacity, By Four-Wheeler EV Brands and By Region) Issues and Challenges in Electric Vehicles Market Trends and Developments, Porter’s Five Forces Analysis, Growth Drivers, Government Regulations and Initiatives Impact of COVID-19 Consumer Demographics and Consumer Preferences Demand Drivers of LEV Market Demand Analysis on the basis of TAM, SAM and SOM Product Analysis of Major Four-Wheeler EV Brands (Toyota, Nissan, Lexus and BYD) Competitive Landscape of the Four-Wheeler and Two/Three Wheeler Light Electric Vehicle Industry Cross Comparison of Major Four-Wheeler LEV Players on the basis of Operational Parameters (Year of Establishment, Technology Type, Model, Price, Number of Electric Vehicles Sold, Market Share on the basis of Volume, EV Range, Battery Type, and Battery Capacity) Cross Comparison of Major Four-Wheeler LEV Players on the basis of Financial Parameters (Revenue for 2021, Total Sales for 2021, Auto Parts’ Exports for 2021, Procurement from Suppliers for 2021, Global Sales Volume for 2021, Revenue for 2021, Global Operating Profit for 2021, Global Revenue for 2021 and Net Profit Margin for 2021) Company Profiles of Major Four-Wheeler LEV Players (Company Overview, Geographical Presence, Dealerships, Recent Developments, Business Model, Strengths, Pain Points, USP, Collaboration, Revenue Streams, Product Portfolio, Average Price, Operations and Recent developments) Company Profiles of Major Two/Three-Wheeler LEV Players (Company Overview, Operations, Strenghts, Recent developments, Product Portfolio, Business Strategies and Pain Points) Future Market Size of Light Electric Vehicle Industry by Revenue, Volume, and Average Price Future Market Segmentation of Light Electric Vehicle Industry Analyst Recommendations Industry Speaks For more information on the research report, refer to below link:- Philippines Light Electric Vehicle Market Related Reports:- Malaysia Electric Vehicle Market Outlook to 2026: Driven by government initiatives along with the need to curb vehicular emissions, and increasing charging infrastructure UAE Electric Vehicle Charging Equipment Market Outlook To 2026: Driven By Government Support And Incentives With The Increasing Focus To Achieve Green And Sustainable Economy India Electric Three Wheeler Market Outlook to 2025- By Wheeler Type (Passenger, Goods, Personal), By Vehicle Category (Transport and Non-Transport), Registration by Region (North, East, West, South) and Registration by State Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Support@kenresearch.com +91-9015378249 Tags: Central Luzon Light Electric Vehicle Market, Central Visayas Light EV Industry, Challenges in Philippines LEV Market, Company Profiles of Four-Wheeler EV Brands, Company Profiles of Three-Wheeler EV Brands, Company Profiles of Two-Wheeler EV Brands, E-Motorcycles Philippines, E-Trike Costs Philippines, E-Trikes in the Philippines, Eastern Visayas LEV Market, Electric Four-Wheeler Manufacturing Companies Philippines, Electric Trike Manufacturing Companies Philippines, Electric Two-Wheeler Manufacturing Companies Philippines, Electric Vehicle (EV) Investments Philippines, Electronic Trikes Industry Philippines, EV Four-Wheeler Market Revenue Philippines, Four-Wheeler BEV Market Philippines, Four-Wheeler LEV Market Philippines, Four-Wheeler Light Commercial Vehicle Philippines Industry Size, Four-Wheeler Passenger Car Philippines Market, Future Market Size of Four-Wheeler LEV Philippines, Growth Drivers of Philippines LEV Market, Ilocos Light EV Market, Issues in Philippines LEV Market, Number of Electric Vehicles Sold Philippines, Number of EV charging stations Philippines, Number of registered EVs Philippines, Philippines E-Vehicle Market, Philippines Electronic Motorcycles Industry Growth, Philippines Four-Wheeler HEV Market, Philippines Four-Wheeler PHEV Market, Philippines LEV Industry, Philippines Light Electric Car Market, Philippines Light Electric Vehicle Market, Philippines Light Electric Vehicle Market Competition, Philippines Light EV Market, Shell EV charging station Philippines, Three-Wheeler LEV Industry in Philippines, Three-Wheeler LEV Market Philippines, Two-Wheeler Electric Bike Philippines, Two-Wheeler LEV Market Philippines, Western Visayas LEV Market
