Product Code: ETC8840041 | Publication Date: Sep 2024 | Updated Date: May 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The electric vehicle (EV) battery market in the Philippines is gaining momentum alongside the governments push for electric mobility and sustainability. As local demand for electric cars, motorcycles, and public transport rises, manufacturers and suppliers are expanding EV battery production and distribution to meet future needs.
The electric vehicle (EV) battery market in the Philippines is experiencing rapid growth due to the increasing adoption of electric vehicles as a more sustainable transportation option. As part of the global shift toward electric mobility, the Philippines is investing in EV infrastructure, including charging stations, and offering incentives to encourage the use of EVs. The demand for EV batteries is being driven by government policies, rising fuel costs, and growing environmental concerns. As EV technology improves and costs decrease, the market for EV batteries is expected to continue expanding, with an increased focus on energy efficiency, longer battery life, and faster charging capabilities.
The EV battery market faces hurdles such as limited EV adoption, high import dependency, insufficient charging infrastructure, and concerns over battery lifespan, safety, and recycling.
The electric vehicle (EV) battery market in the Philippines is expected to see significant expansion due to the growing demand for electric vehicles. With the government`s push for a greener, more sustainable transportation system, EV adoption is on the rise, leading to an increased need for EV batteries. Investment in battery manufacturing, technology innovations, and EV infrastructure development presents a high-growth opportunity in this sector. Companies that can meet the demand for high-performance, affordable EV batteries will benefit from the expanding market.
The government strongly supports the EV battery market through the Electric Vehicle Industry Development Act, offering tax breaks, import duty reductions, and incentives for local manufacturing. The DOE and Department of Transportation (DOTr) are actively working on the development of EV charging infrastructure, which also drives battery demand.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines EV Battery Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines EV Battery Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines EV Battery Market - Industry Life Cycle |
3.4 Philippines EV Battery Market - Porter's Five Forces |
3.5 Philippines EV Battery Market Revenues & Volume Share, By Battery Type, 2021 & 2031F |
3.6 Philippines EV Battery Market Revenues & Volume Share, By Propulsion, 2021 & 2031F |
3.7 Philippines EV Battery Market Revenues & Volume Share, By Battery Form, 2021 & 2031F |
3.8 Philippines EV Battery Market Revenues & Volume Share, By Based on Vehicle Type, 2021 & 2031F |
3.9 Philippines EV Battery Market Revenues & Volume Share, By Material type, 2021 & 2031F |
3.10 Philippines EV Battery Market Revenues & Volume Share, By Battery Capacity, 2021 & 2031F |
3.11 Philippines EV Battery Market Revenues & Volume Share, By Li-Ion Battery Component, 2021 & 2031F |
4 Philippines EV Battery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines EV Battery Market Trends |
6 Philippines EV Battery Market, By Types |
6.1 Philippines EV Battery Market, By Battery Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines EV Battery Market Revenues & Volume, By Battery Type, 2021- 2031F |
6.1.3 Philippines EV Battery Market Revenues & Volume, By Lead-Acid, 2021- 2031F |
6.1.4 Philippines EV Battery Market Revenues & Volume, By Lithium-Ion, 2021- 2031F |
6.1.5 Philippines EV Battery Market Revenues & Volume, By Solid-State, 2021- 2031F |
6.1.6 Philippines EV Battery Market Revenues & Volume, By Nickel-Metal Hydride, 2021- 2031F |
6.1.7 Philippines EV Battery Market Revenues & Volume, By Sodium-Ion, 2021- 2031F |
6.1.8 Philippines EV Battery Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Philippines EV Battery Market, By Propulsion |
6.2.1 Overview and Analysis |
6.2.2 Philippines EV Battery Market Revenues & Volume, By BEV, 2021- 2031F |
6.2.3 Philippines EV Battery Market Revenues & Volume, By PHEV, 2021- 2031F |
6.2.4 Philippines EV Battery Market Revenues & Volume, By FCEV, 2021- 2031F |
6.2.5 Philippines EV Battery Market Revenues & Volume, By HEV, 2021- 2031F |
6.3 Philippines EV Battery Market, By Battery Form |
6.3.1 Overview and Analysis |
6.3.2 Philippines EV Battery Market Revenues & Volume, By Prismatic, 2021- 2031F |
6.3.3 Philippines EV Battery Market Revenues & Volume, By Pouch, 2021- 2031F |
6.3.4 Philippines EV Battery Market Revenues & Volume, By Cylindrical, 2021- 2031F |
6.4 Philippines EV Battery Market, By Based on Vehicle Type |
6.4.1 Overview and Analysis |
6.4.2 Philippines EV Battery Market Revenues & Volume, By Passenger Cars, 2021- 2031F |
6.4.3 Philippines EV Battery Market Revenues & Volume, By Vans/Light Trucks, 2021- 2031F |
6.4.4 Philippines EV Battery Market Revenues & Volume, By Medium & Heavy Trucks, 2021- 2031F |
6.4.5 Philippines EV Battery Market Revenues & Volume, By Buses, 2021- 2031F |
6.4.6 Philippines EV Battery Market Revenues & Volume, By Off-Highway Vehicles, 2021- 2031F |
6.5 Philippines EV Battery Market, By Material type |
6.5.1 Overview and Analysis |
6.5.2 Philippines EV Battery Market Revenues & Volume, By Cobalt, 2021- 2031F |
6.5.3 Philippines EV Battery Market Revenues & Volume, By Lithium, 2021- 2031F |
6.5.4 Philippines EV Battery Market Revenues & Volume, By Natural Graphite, 2021- 2031F |
6.5.5 Philippines EV Battery Market Revenues & Volume, By Manganese, 2021- 2031F |
6.5.6 Philippines EV Battery Market Revenues & Volume, By Iron, 2021- 2031F |
6.5.7 Philippines EV Battery Market Revenues & Volume, By Phosphate, 2021- 2031F |
6.5.8 Philippines EV Battery Market Revenues & Volume, By Others, 2021- 2031F |
6.5.9 Philippines EV Battery Market Revenues & Volume, By Others, 2021- 2031F |
6.6 Philippines EV Battery Market, By Battery Capacity |
6.6.1 Overview and Analysis |
6.6.2 Philippines EV Battery Market Revenues & Volume, By <50 kWh, 2021- 2031F |
6.6.3 Philippines EV Battery Market Revenues & Volume, By 50110 kW, 2021- 2031F |
6.6.4 Philippines EV Battery Market Revenues & Volume, By 111200 kWh, 2021- 2031F |
6.6.5 Philippines EV Battery Market Revenues & Volume, By 201300 kWh, 2021- 2031F |
6.6.6 Philippines EV Battery Market Revenues & Volume, By >300 kWh, 2021- 2031F |
6.7 Philippines EV Battery Market, By Li-Ion Battery Component |
6.7.1 Overview and Analysis |
6.7.2 Philippines EV Battery Market Revenues & Volume, By Positive Electrode, 2021- 2031F |
6.7.3 Philippines EV Battery Market Revenues & Volume, By Negative Electrode, 2021- 2031F |
6.7.4 Philippines EV Battery Market Revenues & Volume, By Separator, 2021- 2031F |
6.7.5 Philippines EV Battery Market Revenues & Volume, By Separator, 2021- 2031F |
7 Philippines EV Battery Market Import-Export Trade Statistics |
7.1 Philippines EV Battery Market Export to Major Countries |
7.2 Philippines EV Battery Market Imports from Major Countries |
8 Philippines EV Battery Market Key Performance Indicators |
9 Philippines EV Battery Market - Opportunity Assessment |
9.1 Philippines EV Battery Market Opportunity Assessment, By Battery Type, 2021 & 2031F |
9.2 Philippines EV Battery Market Opportunity Assessment, By Propulsion, 2021 & 2031F |
9.3 Philippines EV Battery Market Opportunity Assessment, By Battery Form, 2021 & 2031F |
9.4 Philippines EV Battery Market Opportunity Assessment, By Based on Vehicle Type, 2021 & 2031F |
9.5 Philippines EV Battery Market Opportunity Assessment, By Material type, 2021 & 2031F |
9.6 Philippines EV Battery Market Opportunity Assessment, By Battery Capacity, 2021 & 2031F |
9.7 Philippines EV Battery Market Opportunity Assessment, By Li-Ion Battery Component, 2021 & 2031F |
10 Philippines EV Battery Market - Competitive Landscape |
10.1 Philippines EV Battery Market Revenue Share, By Companies, 2024 |
10.2 Philippines EV Battery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |