5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

Fuel costs, climate fears, and the new Filipino car buyer

by
December 16, 2025
in Stock
0
Fuel costs, climate fears, and the new Filipino car buyer
Freepik | Senivpetro

One of the most frustrating headlines Filipinos often read is rising fuel prices. This is because every time pump rates jump, many Filipinos quietly rethink one of their big purchases: their next car. Add growing concern about climate change and worsening floods, and purchasing cars can be very problematic with increasing concerns on fuel economy, emissions, and long-term cost of ownership.

The rising costs of fuel, mostly due to the war on Ukraine, supply disruptions, and global shortages of available supply, are well-known among car owners in the country. Just in the third week of November this year, per-liter price increased by P1, extending gasoline’s streak of hikes to seven weeks. Add this to the fact that so much of the country’s energy use still relies on oil and transport, households are directly exposed to global price volatility.

Unsurprisingly, fuel efficiency has moved from “nice to have” to “non-negotiable” for many buyers. This has resulted in growing interest in smaller engines, start-stop systems, and fuel-saving technologies, while some families delay upgrading to bigger vehicles out of fear of future fuel shocks.

Having a similar impact on Filipino car-buying behavior is the growing environmental awareness among consumers. A great reminder of the need to be environmentally aware came in the last month when several typhoons ravaged scattered regions in the Philippines resulting in flooding, landslides, and loss of lives.

While not blamed as the direct cause of climate change, severe weather events, worsening urban air pollution, and recurring floods have made the environmental footprint of vehicles a mainstream talking point rather than a niche concern. If a decade ago the typical car buyer only cared about horsepower, ground clearance, and monthly amortization, today more Filipinos are asking about carbon emissions, alternative powertrains, and whether their next purchase aligns with a more sustainable lifestyle.

Freepik | Aleksandarlittlewolf

This shift is most visible in the surge of interest in hybrid vehicles and full electric cars. Last year, around 18,690 units of electric vehicles were sold in the country. This year, the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) forecasted a possible growth rate of 7% which could amount to nearly 35,000 electric cars sold, supported by the zero import tariffs on such vehicles and the rollout of new models.

“The growth of EV sales is expected to track overall industry sales growth, driven by increasing consumer adoption, supportive government policies, expanding charging infrastructure and entry of more players,” CAMPI President Rommel Gutierrez reportedly said in a BusinessWorld report.

Current numbers show that while 7% may be a too optimistic projection, electrified vehicle sales reached 20,662 units in the first nine months of 2025, representing 6% of total sales. Additionally, the Electric Vehicle Association of the Philippines (EVAP) and the Department of Energy (DoE) expect EV registrations to reach 35,000 by yearend, up from 29,715 as of July.

Still, the transition is far from straightforward. Even as electrified options gain traction in the country, a number of barriers prevent large-scale adoption. The most frequently cited challenge is the limited charging infrastructure, which remains heavily concentrated in Metro Manila and a few major cities.

Although, there has been major progress in this particular area. In 2023, only 300 public charging stations were available for EV owners. As of March of this year, that number has tripled throughout the archipelago with the DoE aiming to build several thousands more to over 7,300 public charging stations by 2028. Nearly 12% of these public charging stations are found among SM Supermalls (69), Ayala Malls (31), Megaworld Lifestyle Malls (5), and Robinsons Malls (4).

Beyond electrification, the larger story is how Filipino car-buying behavior itself is changing. A decade ago, decisions were influenced heavily by aesthetics, engine power, and monthly amortization. Today, the mindset is more analytical. Buyers weigh fuel consumption, potential long-term savings, maintenance and parts availability, resale value in a market that is slowly shifting toward efficiency, and the broader environmental impact of their choice.

Ultimately, what is happening in the Philippines mirrors a broader global pattern in which rising fuel prices and environmental pressures influence consumer mobility choices. However, local realities such as limited infrastructure, budget-conscious buyers, and a deeply car-centric culture, mean that the shift will be gradual rather than abrupt. And how quickly that change happens may shape the future of mobility in the Philippines. — Jomarc Angelo M. Corpuz

Previous Post

Fighting corruption is a sound economic strategy

Next Post

Arts & Culture (12/17/25)

Next Post
Arts & Culture (12/17/25)

Arts & Culture (12/17/25)

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Budget ratification and signing set for Dec. 29

    Budget ratification and signing set for Dec. 29

    December 18, 2025
    New vehicle sales down  by 8.7% in November

    New vehicle sales down  by 8.7% in November

    December 18, 2025
    Customs chief expects revenue collection to hit P939 billion this year

    Customs chief expects revenue collection to hit P939 billion this year

    December 18, 2025
    Grade 5 students in Philippines trail Southeast Asia in reading, math proficiency

    Grade 5 students in Philippines trail Southeast Asia in reading, math proficiency

    December 18, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.