In an interview with reporters, CAMPI president Rommel Gutierrez said the group expects sales of electrified vehicles to continue to increase this year.
He said electrified vehicles covering hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles accounted for around four percent of the total motor vehicle sales of the CAMPI as of the first semester.
Combined sales of CAMPI and the Truck Manufacturers Association rose by 11.8 percent to 226,279 units in the first semester of this year from 202,415 units in the same period last year.
While the group expects the sales of electrified vehicles to continue to pick up, he said its share in total vehicle sales is unlikely to reach 10 percent this year as demand for internal combustion engine (ICE) vehicles is also still increasing.
This story is from the August 27, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the August 27, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
2024 National Trade Fair records P73.1M in sales, opens doors for MSME exports
The 2024 DTI Bagong Pilipinas National Trade Fair (NTF) generated P73.1 million in combined cash sales, booked orders, and orders under negotiation for participating micro, small, and medium enterprises (MSMEs).
BSP issues guidelines on NSSLA compensation
The Bangko Sentral ng Pilipinas (BSP) has released guidelines on the compensation and per diem of trustees, officers and employees of non-stock savings and loan associations (NSSLAs) to regulate and supervise their activities.
Pope says migrant workers need 'fair wage'
Pope Francis made a plea for migrant workers to be paid fairly yesterday, as he visited the affluent city-state of Singapore on the last stop of his marathon Asia-Pacific tour.
Former Peruvian leader Fujimori dies at 86.
Peru's Alberto Fujimori, who died Wednesday at the age of 86, was a one-time university dean who rose to wage a bloody campaign against insurgents as president in the 1990s-but ended up jailed for atrocities.
A pair of sweeps for Phl chessers
BUDAPEST - There was really no surprise when the Philippines had trouble-free opening round victories over Aruba in the men's division and Malawi in the women's side of the 45th FIDE Chess Olympiad at the BOK Sports Hall here Wednesday night.
CREAMLINE COMPLETES GRAND SLAM
In a cool league of its own.
OECD-developed tax cooperation convention comes into force in Phl
The tax cooperation convention drawn up by the Organization for Economic Cooperation and Development (OECD) is now in full force in the Philippines to address tax evasion in the country.
BIR sees P20 B tax take from e-games
The Bureau of Internal Revenue BIR) is expected to rake in as much as P20 billion from franchise tax collection as electronic games e-games) continue to grow.
BSP flags Dubai crude price as inflation driver in 2025
While projections for global crude oil prices have been revised downwards following signs of weakening demand, the Bangko Sentral ng Pilipinas (BSP) warns that inflation may breach the two to four percent target in 2025 and 2026 if Dubai crude oil prices surge.
PSEi rallies after US inflation eases further
The local stock market has returned to the 7,000 level after more than a year and a half on the back of a slower US consumer inflation in August.
