CleanTechnica•24 days ago
Philippine Model City Deploys Electric Minibuses To Offset Rising Fuel Costs
Key Takeaway
Escalating fossil fuel costs are driving government-backed adoption of electric vehicles, signaling a growing market for EV charging infrastructure and distributed energy resources for developers and large power consumers.
AI Summary
- •Philippine fuel prices have reached P90/liter (~$1.50/L, ~$5.40/gal) and are expected to increase further.
- •Pasig City government deployed five electric minibuses (P19.9M / ~$332,300) to directly counter rising fuel costs.
- •This initiative signals a government-led shift towards electric transportation, creating demand for EV charging infrastructure and potentially localized power generation solutions for developers and IPPs.
Topics
financingoempolicystorage
Article Content
Fuel prices in the Philippines have breached the P90 (~$1.50) per liter mark (~$5.40 per gallon) and is expected to increase in the next few weeks. In response, the Pasig City government fast tracked the release of five new electric minibuses on yesterday, March 23, marking a P19.9 million e(~$332,300) ... [continued] The post Philippine Model City Deploys Electric Minibuses To Offset Rising Fuel Costs appeared first on CleanTechnica .