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Commercial vehicle manufacturer Phillipine Utility Vehicle (PhUV) has obtained a $450,000 grant from the Phillipine Board of Investment for a new factory to produce 6,000 electric tricycles and 200 electric "jeepneys" (minibuses) every year through with a workforce of 97. The subsidy includes tax abatements and duty-free importation of capital equipment to manufacture the EVs.
PhUV’s electric jeepney models will use a 5-kilowatt or 7-kilowatt motor and will run for 55 kilometers. It can be charged for eight hours at a cost of P150 (about $3.50). The electric tricycle, used primarily for taxis and local transport has a maximum range of 25 kilometers and can reach a top speed of 20 kilometers per hour. Its battery can be fully charged for four hours at a cost of P100 ($2.30).
Source:
GMA News