Investments wholesale and retail trade, repair motor vehicles Philippines 2012-2018
In 2018, the value of approved investments in the wholesale and retail trade, repair of motor vehicles, and motorcycles market was approximately 5.5 billion Philippine pesos. Notably, the sales income of wholesale, retail trade, repair of motor vehicles, and motorcycle sector in the Philippines was highest for the sales of passenger motor vehicles that were valued by over 300 billion Philippine pesos.
Registration of vehicles
Unsurprisingly, vehicle registration supplemented the increase in the consumption of auto vehicles in the Philippines. In 2018, there were about 1.1 million newly registered motorcycles and tricycles, 113.6 thousand utility vehicles, and almost 67 thousand cars. These vehicles comprised the majority of the overall newly registered and renewed license plates within the same year.
Electric cars
While conventional vehicles were popular among Filipino consumers, a survey conducted in the Philippines revealed that electric cars were the least preferred. If they were the same price as conventional cars, around 21 percent of local consumers would purchase them, whereas only 11.3 percent were willing to buy them if the price was between 31 to 50 percent higher.
As of 2014, the transportation sector’s share of the total carbon emissions in the Philippines was around 27.8 percent and its total electrical energy consumption was about 112 million kilowatt hours.
Registration of vehicles
Unsurprisingly, vehicle registration supplemented the increase in the consumption of auto vehicles in the Philippines. In 2018, there were about 1.1 million newly registered motorcycles and tricycles, 113.6 thousand utility vehicles, and almost 67 thousand cars. These vehicles comprised the majority of the overall newly registered and renewed license plates within the same year.
Electric cars
While conventional vehicles were popular among Filipino consumers, a survey conducted in the Philippines revealed that electric cars were the least preferred. If they were the same price as conventional cars, around 21 percent of local consumers would purchase them, whereas only 11.3 percent were willing to buy them if the price was between 31 to 50 percent higher.
As of 2014, the transportation sector’s share of the total carbon emissions in the Philippines was around 27.8 percent and its total electrical energy consumption was about 112 million kilowatt hours.
