MANILA – Aboitiz Power Corp. aims to deploy around 160 electric vehicles (EVs) by the end of the decade by launching a fleet transformation program in three major cities.
According to AboitizPower, it will start rolling out the fleet to its businesses in Visayas and Mindanao, including for Visayan Electric, Davao Light and Cotabato Light.
“Faced with an ever-increasing demand for motorized mobility, we recognize that further electrification of mobility is a key factor in achieving a cleaner and more sustainable global energy system,” said Emmanuel Rubio, President and CEO of ‘AboitizPower.
The company launched its electric vehicle fleet program on Thursday, saying it aims to achieve 40% vehicle electrification across its operations by 2030 before exclusively using electric service vehicles by 2040.
Mark Valencia, Chief Technology Officer of AboitizPower, said electric vehicles currently make up only 2% of AboitizPower’s fleet.
Under Republic Act No. 11697, or the Electric Vehicle Industry Development Act, industrial and commercial enterprises, government agencies, and state-owned and controlled corporations are required to deploy a total of 5% of their total fleet of electric vehicles.
The Department of Energy is looking to eventually increase that figure to 10 percent, citing the need to reduce reliance on imported fuels and reduce greenhouse gas emissions.
AboitizPower said the transformation of its fleet is part of a growth strategy focused primarily on adding 3,700 megawatts (MW) of renewable energy to its generation portfolio over the next 10 years.
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