Philippine EV Sales Jump 36% in Q1 2026

Jul 6, 2026

85 min

Jul 6, 2026 11:30

Philippine EV sales surge 36% despite market slowdown in Q1, VinFast emerges on top — no sales data from BYD

## Surge in Electric Vehicle Sales

Electric vehicle (EV) sales in the Philippines increased by 36.2% in the first quarter of 2026, despite a general slowdown in the automotive market. According to data from the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA), 11,800 electrified vehicles were sold, up from 8,664 in the same period the previous year.

## Market Trends

Electrified vehicles made up 11.17% of all vehicle sales from January to March. While overall car sales fell by 9.8% to 105,642 units, the demand for electrified vehicles grew, highlighting a shift towards more sustainable transportation options.

## Segment Leaders

Hybrid electric vehicles led the market with 8,261 units sold, accounting for about 70% of electrified vehicle sales. Battery electric vehicles (BEVs) followed with 2,289 units, and plug-in hybrids reached 1,250 units, marking the fastest growth rate.

## Competitive Landscape

Vietnamese automaker VinFast emerged as the leading battery electric vehicle brand, while Toyota dominated hybrid sales. Jetour led the plug-in hybrid segment among CAMPI-TMA member brands. Notably, BYD's sales data for the first quarter of 2026 was not included in the report.

## Factors Driving Growth

The rise in EV sales is attributed to a wider range of models, competitive pricing, increased consumer awareness, and government incentives under the Electric Vehicle Industry Development Act (EVIDA). This law promotes EV adoption through tax incentives and the development of charging infrastructure.

## Future Outlook

Despite a softer overall vehicle demand, CAMPI officials expect EV adoption to continue growing throughout 2026. The trend in the Philippines reflects a broader global shift towards vehicle electrification, although the country's market share remains smaller compared to regions like China and Europe.

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