Marcos: Goal is half of cars on road in 2040 must be electric vehicles

In his latest State of the Nation Address, President Ferdinand Marcos Jr. set an ambitious goal to have half of all cars on Philippine roads be electric vehicles by 2040. This initiative is part of a broader strategy to reduce carbon emissions and promote sustainable development. By pushing for widespread EV adoption, the government aims to align the nation with global efforts to combat climate change and transition to cleaner energy sources. This move could also position the Philippines as a leader in the emerging electric vehicle market in Southeast Asia.