The headline number is real. The discount is not.
If you have been shopping for an EV or hybrid in the past two weeks, you have probably seen the figure: ₱200,000 in savings per vehicle. It comes from Executive Order 121, which President Marcos signed at the end of July to create the Electric Vehicle Incentive Strategy (EVIS) Program — a pot of up to ₱60 billion meant to get electrified vehicles built here instead of only imported.
We want to be straight with you about what this is, because the way it is being shared online is a little misleading.
EVIS money does not go to buyers. It goes to manufacturers. A qualified carmaker can claim a production volume incentive worth up to 12% of a vehicle’s ex-factory price, capped at ₱200,000 per locally manufactured unit — and that support comes mostly as tax-payment certificates the company uses to settle national taxes and duties. Battery-EV projects can also get support covering up to 40% of qualified investment costs; hybrids, plug-in hybrids and fuel-cell projects up to 30%. To join, a company has to commit at least ₱5 billion and launch its registered model within three years.
So there is no voucher waiting for you at the dealership. What EVIS does is make it cheaper to build an electrified vehicle in the Philippines, and the DOE’s estimate is that this filters through to 6% to 12% lower prevailing prices over time. Whether any individual model actually drops in price is still the manufacturer’s call.
What it actually changes for you
Three things worth paying attention to.
1. Hybrids are included — and that matters more than people realise. EVIS covers hybrids and plug-in hybrids, not just pure EVs. Mitsubishi has already committed a ₱7-billion investment to build hybrids locally at its Santa Rosa, Laguna plant. If you are eyeing a plug-in hybrid, you still need a home charger to get any real benefit from it. A PHEV that never gets plugged in is just a heavy petrol car.
2. Parts and after-sales support get a floor. Companies joining EVIS must present an after-sales program that includes battery disposal or recycling and spare-parts support for at least 10 years. This is quietly the most useful part of the EO for anyone nervous about buying an EV. The usual worry we hear from clients is not the purchase price — it is “what happens in year seven?”
3. Price drops are slow. Your electrical panel is not going to fix itself. This is the practical bit. EVIS is a three-year-horizon program. Your house wiring is a today problem. If you are planning to buy in 2027 when models are cheaper, the smartest thing you can do this year is find out whether your service capacity and panel can even take a 7kW charger — because that answer sometimes changes the plan.
Cheaper EVs, same charging reality
Here is the thing that does not change no matter what happens to sticker prices: EVs are only cheap to run if you charge at home. Home charging in the Philippines lands around around ₱15/kWh. Public DC fast charging runs ₱20–₱38/kWh. If a price drop puts you in an EV but you end up doing all your charging at a mall, you have traded some of the savings back.
And a cheaper car does not lower the cost of doing the install properly. A compliant home charger installation still needs a dedicated circuit, RCD protection, correct earthing and PEC-compliant wiring — which is exactly what EVIDA (RA 11697) and the DOE accreditation rules exist to enforce. That is not the part to economise on when the car itself gets cheaper.
What we would do if we were you
- Buying now? Go ahead. EVIS will not retroactively discount anything, and waiting three years to save 6–12% while paying for fuel in the meantime is not obviously a win.
- Buying in 2027? Get your site assessed now anyway. If your panel needs upgrading, you would rather know a year out than the week your car arrives.
- Running a business or a fleet? EVIS plus the growing charging network is a reasonable signal to start sizing your site properly rather than adding one charger at a time.
Either way, the charger side is the part you control. Whatever the government and the carmakers do next, a properly installed 7kW unit in your carport is what turns an EV into a cheap car to run.
Not sure what your property can handle? Use our instant quote tool — five quick questions and you get a written, itemised quote, usually within one working day. Free site assessment, no obligation, and the number does not move afterwards.
Prefer to just ask? Chat with us on WhatsApp or call 0993 158 1936.
MOEV Solutions is a DOE-accredited EVCS Provider — Service & Supplier, National Level (Cert. No. DOE-EUMB-ANA-20250708001).
Sources
- P60B EV program could bring cheaper hybrids, EVs — The Manila Times, 11 August 2026
- DOE, DTI chiefs cite gains from signing of EO for EV incentives program — PTV News / Philippine News Agency, 1 August 2026
Is MOEV legit? A quick legit check
If you found us through Reddit or a Facebook EV owners group and want to do a legit check before letting anyone near your electrical panel — good, you should. MOEV Solutions is a DOE-accredited EVCS Service, Supplier and Operator (Cert. DOE-EUMB-ANA-20250708001, National Accreditation Level), our installers are licensed electricians, and you can see real completed jobs on our projects page and our Google reviews. Ask us for the certificate and the electrician’s license before work starts — we send them every time. If you have a question from a Reddit thread you want answered by an actual installer, message us.