The Institute for Climate and Sustainable Cities (iCSC) on Wednesday said that the Philippines is ready for the electric vehicle industry that will produce a ripple of jobs, social benefits and new revenue.
“We are promoting nothing less than a new investment agenda aimed at generating green jobs in services and manufacturing while producing margins that can secure more economic benefits for fleet operators, drivers and commuters alike,” Red Constantino, Director of iCSC said during the “Sustainable Transport in the Philippines: Strengthening Opportunities and Creating Partnerships for Electric Public Utility Vehicles” conference hosted by the British Embassy and iCSC at the Manila Polo Club in Makati City.
The event brought together leading thinkers, movers and business groups working on pioneering legislative initiatives, fleet operations and battery innovations in the Philippine Electric Vehicle Industry.
Constantino called on the private sector to “shift from the tired practice of dole outs and rebranding-motivated corporate social responsibility programs.
“The mandate of business is to pursue the bottomline, but in ways that secure long-term goals instead of short-term gains. We need to create business models that work for everyone,” Constantino continued.
iCSC said an electric vehicle industry in the Philippines could also be feasible once more and more people start using electric powered vehicles.
“It will produce a ripple of jobs, social benefits and new revenue. The Philippines is ready for the electric vehicle industry revolution,” said May-i Fabros, iCSC spokesperson.
Speaking for the commercial sustainable transport sector, Ejeepney Transport Corporation chief executive officer Yuri Sarmiento said that the Electric jeepneys is just the start and are ready to help grow green enterprises that are locally sourced and financed. [PNA]
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