Status : Published Published On : Dec, 2023 Report Code : VRAT4059 Industry : Automotive & Transportation Available Format : Page : 88
2025
2030

Philippines Electric Three-wheeler Market – Analysis and Forecast (2025-2030)

Industry Insights by Product (E-Rickshaw, E-Auto, Others) By Type (Passenger Vehicle, Load Carrier), by Motor Power (<1,000 W, 1,000-1,500 W, >1,500 W)

Industry Overview

The Philippines Electric Three-wheeler Market is predicted to grow at 10.8% CAGR during the forecast period, in terms of its fleet size. The Philippines market is still unexplored with a few thousand units of electric three-wheelers on the road in the country in 2019; however, the market is anticipated to grow in the coming years due to the ongoing public-private initiatives and favorable government policies in place.

Philippines Electric Three-Wheeler Market

Market Segmentation

Insight by Product

Based on product, the electric three-wheeler market is segmented into e-rickshaws, e-autos, and others. E-rickshaws are the most preferred three-wheeler category. E-rickshaws are the typical three-wheelers with a top speed of around 25km/hr. These are alternatives to conventional pull rickshaws with pedals and auto rickshaws. A typical e-rickshaw carries 4+1 or 3 passengers at a time.

Insight by Type

Based on type, the market is categorized into passenger vehicles and load carriers. The Philippine's electric three-wheelers fleet size mainly constitutes passenger vehicles due to the increasing demand for a sustainable mode of intracity transport.

Insight by Motor Power

Based on motor power, the market is segmented into 1,500 W. Of all, 1,000-1,500 W powered three-wheelers hold the largest share in the Philippines market. The highest share of the 1,000-1,500 W powered three-wheelers in the market is due to the optimum performance and cost of the vehicle at this power.

Global Philippines Electric Three-wheeler Market Report Coverage

Report Metric

Details

Historical Period

2018 - 2023

Base Year Considered

2024

Forecast Period

2025 - 2030

Market Size in 2023

U.S.D.  XX Billion

Revenue Forecast in 2030

U.S.D.  XX Billion

Growth Rate

10.8%

Segments Covered in the Report

By Product,By Type,By Motor Power

Report Scope

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling

Regions Covered in the Report

Philippines

Industry Dynamics

The Philippines electric three-wheelers market is growing due to the initiatives taken by the government and non-government organizations. The government in the Philippines is relying on public-private partnerships to develop and grow the electric vehicles industry in the country, which is directly supporting the growth of the electric three-wheeler market in the country.

The Electric Vehicle Association of the Philippines (EVAP) has an optimistic view of the growth of electric vehicle sales in the Philippines owing to the support for these vehicles under Tax Reform for Acceleration and Inclusion (TRAIN) Law. Under the TRAIN Law, electric vehicles are exempted from higher excise tax, thus creating traction for investments to help sustain electric mobility in the country. The government is not only eyeing the expansion of electric vehicle sales in the major metropolitan cities but to the countryside. The government and non-government organizations are anticipating active participation from the local auto industry to flourish the electric vehicle industry in the country.

The Electric Vehicle Association of the Philippines (EVAP) plans for a national development program for electric vehicles that is anchored on the existing Motor Vehicle Development Program for the automotive industry. As per the association, this is to be implemented in four (4) phases within ten years.

The Department of Energy in the Philippines is actively collaborating with the Department of Transport for the implementation of a Public Utility Vehicle modernization program that is aimed at transforming the Philippines’ public transport into a cleaner and more efficient mode of transportation. Such initiatives are expected to create a huge demand for electric three-wheelers in the country.

Competitive Insight

The report offers competitive insight into the players offering electric three-wheelers, OEMs, or components manufacturers for these vehicles. Product and services, recent developments, and financial highlights for the players operating in the Philippines electric three-wheelers market.

The Philippines Electric Three-wheeler Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

  • Product
    • E-Rickshaw
    • E-Auto
    • Others
  • Type
    • Passenger Vehicle
    • Load Carrier
  • Motor Power
    • <1,000W
    • 1,000-1,500W
    • >1,500W 

 

PRIMARY RESEARCH INTERVIEWS - BREAKDOWN
Philippines Electric Three-Wheeler Market Analysis

Frequently Asked Questions

The Philippines electric three-wheelers market is growing due to the initiatives taken by the government and non-government organizations. The government in Philippines is relying on public-private partnerships to develop and grow the electric vehicles industry in the country, which is directly supporting the growth of the electric three-wheelers market in the country.
On the basis of motor power, the market is segmented into1,500 W. Of all, 1,000-1,500 W powered three-wheelers hold the largest share in the Philippines market. The highest share of the 1,000-1,500 W powered three-wheelers in the market is due to the optimum performance and cost of the vehicle at this power.
Based on type, the market is categorized into passenger vehicles and load carriers. Passenger vehicles hold a larger share in the market, whereas load carrier electric three-wheelers are also anticipated to witness significant growth during the forecast period.
Based on product, electric three-wheelers market is segmented into e-rickshaw, e-auto, and others. E-rickshaws are the most preferred three-wheeler category.
The Philippines electric three-wheeler market is predicted to grow at 10.8% CAGR during the forecast period

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle

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