Is Philippines falling behind in EV race as Southeast Asia revs up?

As Southeast Asia accelerates into electric vehicle manufacturing, industry leaders in the Philippines say their country risks falling behind neighbours that have moved quickly to support the sector, with policy uncertainty raising doubts about Manila’s commitment to long-term growth. Those concerns sharpened last month when President Ferdinand Marcos Jnr vetoed 92.5 billion pesos (US$1.56 billion) in unprogrammed appropriations from the 2026 national budget, a move that also swept up funding...