As interest in electric vehicles (EVs) continues to grow in the Philippines amid rising fuel prices and expanding charging infrastructure, a senior lawmaker is pushing for the Social Security System (SSS) and the Government Service Insurance System (GSIS) to offer loan programs that would help members purchase EVs.
Providing financing assistance for EV purchases could accelerate the country’s shift toward cleaner transportation while reducing dependence on imported fuel.
“Marami ang nagnanais na bumili ng EV, ngunit nahahadlangan ng mataas nitong presyo. Kung mayroong mga loan facility para sa pagbili ng EV, mas matutulungan ang ating mga kababayan na hirap na sa patuloy na pagtaas ng presyo ng gasolina at diesel,” Senator Win Gatchalian said.
He noted that many Filipinos remain interested in switching to electric vehicles but are discouraged by the high upfront cost of purchasing one.
The senator has consistently advocated for faster EV adoption, especially as global oil prices remain volatile. He pointed out that the savings motorists could get from reduced fuel expenses may help offset monthly loan payments for electric vehicles.
He also stressed the importance of expanding EV infrastructure across the country, particularly charging stations, to encourage more consumers and organizations to transition to electric-powered transportation.
He added that the government should also speed up the integration of EVs into the public transportation sector through the Public Utility Vehicle (PUV) modernization program.
According to Gatchalian, shifting PUVs to EVs could help protect drivers and operators from the impact of fluctuating fuel prices while promoting more sustainable transport systems nationwide.