More Filipino consumers are opting to purchase electric vehicles, with loan applications for EVs more than doubling last year, the Bank of the Philippine Islands said. | via ANC 24/7 Check the comments section for the full story. - Facebook

As the Philippines continues its transition towards a more sustainable and environmentally-friendly transportation sector, a significant shift in consumer behavior is underway. According to the Bank of the Philippine Islands, loan applications for electric vehicles (EVs) have seen a remarkable surge, more than doubling in the past year. This trend suggests that Filipino consumers are increasingly embracing the benefits of EVs, including lower operating costs and reduced carbon emissions. As the country strives to meet its climate change commitments, the growing demand for EVs is expected to have a positive impact on the environment, while also driving innovation and economic growth in the automotive sector.

More Filipino consumers are opting to purchase electric vehicles, with loan applications for EVs more than doubling last year, the Bank of the Philippine Islands said. | via ANC 24/7 Check the comments section for the full story.  Facebook