Philippines’ E-Vehicle project gets support from NEDO and SoftBank in Japan

The P550-million electric tricycle project in Metro Manila will be getting support through a grant from Japan’s New Energy and Industrial Technology Development Organization (Nedo) and Japanese IT service provider SoftBank.

E-VEHICLES. This P550-million electric tricycle project will be getting support from Japan, which will make PH save money and improve air quality. Image grabbed from Asian Development Bank

In an article published by the Philippine Information Agency (PIA), the E-Vehicle project will initially be implemented in Intramuros, Manila with 50 units of e-trikes and 17 sets of charging stations which are set to operate in fixed routes and stops. This project is also set to run for two years, starting October until September 2018.

According to Board of Investments (BOI) Executive Director Ma. Corazon Halili Dichosa, the goal is to make “Philippines a manufacturing hub in Southeast Asia,” as per Inquirer’s report. Dichosa also added that the government is working with Land Bank of the Philippines and the Development Bank of the Philippines to help potential operators in tapping manufacturers.

According to Trade Undersecretary and BOI Managing Head Ceferino Rodolfo, this will help Philippines as a technology-enabled country.

Source:

Philippine Information Agency, Inquirer, Manila Times