Philippines Light Electric Vehicle Market, Industry Revenue, Growth and Competition: 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 Philippines Light Electric Vehicle Market Segmentation, 2022 By Type of Two/Three Wheeler EV (E-Trikes and E-Motorcycles) The revenue generated from the sales of e-trikes contributed to the majority share of XX% in 2022 out of the overall revenue generated by the 2/3W light electric vehicle industry. Governments’ public utility vehicle modernization program to replace fuel operated trikes by e-trikes served as a major determinant for the higher revenue contribution to the 2/3W LEV market. By Type of Four-Wheeler EV (Passenger Car and Light Commercial Vehicle) Revenue generated from the sales of electric passenger vehicles dominated the light electric four-wheeler market in Philippines in 2022 out of the overall revenue generated by four-wheeler LEV industry. International players such as Toyota, Lexus and Nissan among others were the major brands selling electric 4W models as of 2022. Electric light commercial vehicles have not been able to establish its presence in the Filipino market attributed to its higher prices. By Type of Four-Wheeler EV Technology (HEV, PHEV and BEV) Revenue generated from the sales of HEV models contributed to the majority share of XX% to the overall four-wheeler LEV market in 2022. The familiarity to ICE vehicles and higher upfront cost of BEV models served as a major challenge for the lower preference towards PHEV and BEV vehicles. 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) Cost of electric vehicles serve as a major parameter impacting consumers buying decision. In 2022, electric four wheeler vehicles costing between PHP 2-4 million contributed to the highest revenue share of XX% out of the overall revenue generated by four-wheeler LEV market. Since, electric passenger vehicles have higher upfront cost compared to ICE vehicles, only the wealthier class in Philippines prefers purchasing electric operated passenger vehicles. By Type of Four-Wheeler EV Battery (Nickel Metal Hydride, Lithium-Ion and Nickel Cobalt & Manganese) Philippines had the fifth largest nickel reserves in the world, serving as the world’s largest nickel ore supplier as of 2022. Most of the electric four-wheeler models offered by Toyota and Lexus in Philippines utilized nickel metal hydride battery. Revenue generated from sales of EV four-wheeler models utilizing nickel metal hydride battery accounted for the majority share of XX% out of the overall revenue generated by four-wheeler LEV market in 2022. By Four-Wheeler EV Battery Capacity (Less than 2 kWh, 2-20 kWh, 20-40 kWh and More than 40 kWh) Revenue generated through sales of electric four-wheelers having battery capacity less than 2 kWh contributed to the majority share to the overall four-wheeler LEV market in 2022. Hybrid vehicles in Philippines were popular among consumers as of 2022, which have lower battery capacity as compared to fully operated electric models, as hybrid vehicles generally avails fuel as their main source of medium. By Four-Wheeler EV Brands (Toyota, Lexus, Nissan and BYD): Lack of domestic manufacturers serve as a major challenge for the Philippines LEV four-wheeler market as the industry is concentrated among few major international brands such as Toyota, Lexus, Nissan and BYD. Toyota and Lexus dominated the four-wheeler LEV market in Philippines, cumulatively contributing to the majority share of XX% out of the overall revenue generated by the electric 4W LEV industry in 2022. 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): Revenue generated through sales of electric vehicles in the National Capital Region accounted for the highest share of XX% out of the overall revenue generated by LEV market in Philippines followed by Mindanao region. Competitive Landscape in Philippines Light Electric Vehicle Market, 2022 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. 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 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 Electric Four-Wheelers Toyota Nissan BYD Lexus BMW Audi Porsche Jaguar 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 Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Support@kenresearch.com +91-9015378249 Tags: Audi Four-Wheeler EV Revenue, Bemac Three-Wheelers Vehicle Philippines, BMW Four-Wheeler EV Revenue, BYD Four-Wheeler EV Sales, 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, Eastern Visayas LEV Market, Electric Four-Wheeler Manufacturing Companies Philippines, Electric Trike Manufacturing Companies Philippines, Electric Two-Wheeler Manufacturing Companies Philippines, EV Four-Wheeler Market Revenue Philippines, Four-Wheeler BEV Market Philippines, Future Market Size of Four-Wheeler LEV Philippines, Growth Drivers of Philippines LEV Market, Ilocos Light EV Market, Inokim Two-Wheelers EV Philippines, Issues in Philippines LEV Market, Jaguar Four-Wheeler EV Revenue, Kita ng Toyota Four-Wheeler EV, KYMCO Two-Wheelers EV Philippines, Lexus Four-Wheeler EV Sales, Maeving Two-Wheelers EV Philippines, Motor Star Two-Wheelers Electric Vehicle Philippines, Nissan Four-Wheeler EV Revenue, Number of EV charging stations Philippines, Number of registered EVs Philippines, NWOW Two Wheelers EV Philippines, Philippines Four-Wheeler PHEV Market, Philippines Light Electric Vehicle Market Competition, Pilipinas LEV Industriya, Porsche Four-Wheeler EV Sales, Shell EV charging station Philippines, SunE Three-Wheelers EV Philippines, Terra Motors Three-Wheelers EV Philippines, Tojo Motors Three-Wheelers EV Philippines, Toyota Four-Wheeler EV Revenue, Western Visayas LEV Market