Makati City, Philippines – September 19, 2025 – RPConnect today announced a strategic USD 30.6 million order with Wardwizard Innovations & Mobility Ltd. of India for the supply of 4,000 electric vehicles (EVs), marking a major step in capturing the Philippines’ surging green mobility market.
The phased delivery comprises 3,500 E-Trikes (passenger and cargo mix), 500 Mihos electric scooters, and 500 1.5-ton electric light commercial vehicles (mini trucks).
“This collaboration is about fleet expansion; it’s about unlocking long-term value for investors by accelerating EV adoption in one of Southeast Asia’s fastest-growing markets,” said Noubikko P. Ulanday, CEO of RPConnect.
? Market Outlook & Growth Drivers
- Rapid Surge in EV Sales: In 2024, sales of four-wheeled EVs in the Philippines nearly tripled—from 1,028 units in 2023 to 3,880 in 2024 (a ~277.5% increase). Daily Tribune+1
Two- and three-wheeled EVs saw even more dramatic growth: from just 172 units in 2023 to 43,441 units in 2024, a growth of over 25,000%. Rappler+1 - Expanding Registration Base: As of July 2025, registered EVs in the Philippines have already reached about 29,715 units, up from roughly 24,000 total at end 2024. The EV Association projects registrations will hit ~35,000 by end-2025. Philippine News Agency
- EV Industry Roadmap & Regulatory Targets: Under the Philippines’ Comprehensive Roadmap for the Electric Vehicle Industry (CREVI), short-term targets (2023-2028) call for about 2.45 million electrified vehicles (cars, trikes, motorcycles, buses, PUVs) by 2028. The government aims for 50% EV fleet share by 2040. Rappler+1
- Charging Infrastructure & Ecosystem Growth: Public EV charging stations have grown from ~300 in 2023 to nearly 1,000 by 2025, with a target of 7,300 stations by 2028 and around 20,400 by 2040. Rappler+2Statista+2
ASEAN & Regional EV Market Size:
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• The ASEAN EV market is currently valued at about USD 4.55 billion in 2025, and is forecast to grow to USD 18.66 billion by 2030, reflecting a compound annual growth rate (CAGR) of over 30%. Mordor Intelligence
• Battery Electric Vehicles (BEVs) in Southeast Asia are expected to generate USD 4.7 billion in revenue in 2025, growing at a CAGR of ~8.16% to reach ~USD 6.4 billion by 2029. Statista
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