Gasoline prices in the Philippines have surged by nearly 70% amid a sharp rise in electric vehicle (EV) adoption, with EVs now accounting for almost a quarter of all new car sales. The shift toward cleaner alternatives has disrupted traditional fuel markets, leaving drivers to grapple with both higher costs for remaining petrol vehicles and the challenges of transitioning to electric. Industry analysts warn that the rapid adoption of EVs could accelerate inflationary pressures on transportation expenses. Meanwhile, concerns grow over whether the country’s infrastructure is keeping pace with the growing demand for charging stations.
In the Philippines, petrol jumps 68% as EVs take nearly a quarter of car sales The Cool Down
