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  • Writer's pictureBy The Financial District

Powering Change: AboitizPower's EV Revolution

Updated: Sep 1, 2023

Aboitiz Power Corporation (AboitizPower), a trailblazer in the energy industry, has ignited a new era of sustainable mobility with the grand launch of its Corporate Electric Vehicle (EV) Fleet Transformation Program.

Revolutionizing Mobility: AboitizPower's EV Fleet Transformation takes center stage, driving toward a greener future.

The electrifying event took center stage at the elegant Blue Leaf Cosmopolitan in Quezon City, showcasing a stunning lineup of plug-in EVs that mark AboitizPower's unwavering commitment to a cleaner, greener Philippines.

The curtain has risen on this revolutionary endeavor, aligning seamlessly with the Electric Vehicle Industry Development Act (EVIDA), or Republic Act 11697.

AboitizPower's resounding entry into the electric vehicle sphere is a resolute step towards reducing the nation's reliance on imported fossil fuels and driving forward a more sustainable future. At the heart of this program lies AboitizPower's dedication to innovation.

President and CEO Manny Rubio passionately articulated, "The world is undergoing a seismic transformation – climate change, urbanization, and digitalization. In the face of these shifts, businesses must rise to the occasion and evolve. As leaders, it is our duty to lead by example and embrace innovations that enhance efficiency and sustainability."

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Transportation has long been a voracious energy consumer, accounting for a staggering 31.3% of total final energy consumption in the country. Globally, it's a notorious contributor to air pollution and greenhouse gas emissions.

"The time for change is now," Rubio declared. "Electrification is the key to a cleaner, more sustainable energy ecosystem. With electrification, we can power mobility applications through cleaner, emission-free sources."

The star of the show: Build Your Dreams (BYD) manufactured electric vehicles, ready to transform the streets of Visayan Electric, Davao Light, and Cotabato Light's key cities.

Anton M. Perdices, COO of AboitizPower Distribution Utilities, highlighted, "These vehicles are poised to demonstrate their efficiency and reliability across vast areas, ushering in a new era of electric mobility."

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But this is only the beginning. AboitizPower sets an ambitious target of 40% electrification for its four-wheeled vehicles and motorbikes by 2030, paving the road to fully electrifying its DU fleet by 2040.

This visionary initiative is not just about vehicles; it's about a transformation in energy.

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By embedding renewable energy sources like solar, wind, and geothermal, AboitizPower is advancing towards its goal of adding 3,700 megawatts of clean energy to its portfolio over the next decade.

This harmonizes perfectly with the Philippines' aspiration to diminish its dependence on fossil fuels, utilizing native and cleaner energy alternatives. Beyond the lofty environmental goals, the program has a compelling economic edge.

Market & economy: Market economist in suit and tie reading reports and analysing charts in the office located in the financial district.

The cost per kilometer traveled in an electric vehicle is at least half that of internal combustion engine vehicles. "We are driving not only towards cleaner air but also towards an optimized bottom line," Perdices emphasized.

As AboitizPower powers towards a more sustainable horizon, it continues to consolidate its position as the Philippines' renewable energy powerhouse. The company's diverse and expansive renewable energy platform, in collaboration with partners, is setting new standards in the industry.

Science & technology: Scientist using a microscope in laboratory in the financial district.

In an electrifying finale, the curtain fell on a promise - a promise to electrify not just fleets, but to electrify the future. As AboitizPower embraces innovation, sustainability, and progress, it's clear that the road to a cleaner, brighter Philippines has been set in motion.

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