The Philippines is shifting towards a more sustainable future, and electric vehicles (EVs) are leading the charge. With the rising demand for cleaner transportation options, the Electric Vehicle Association of the Philippines (EVAP) anticipates surpassing the target of 6.6 million EV units sold by 2030.
However, with the increasing popularity of EVs comes confusion about the different types available in the market. Without a clear understanding of the various types of EVs, you might end up investing in a vehicle that doesn’t meet your needs.
In this article, we’ll look at the various types of EVs, their benefits, and features to help you make an informed decision. By the end of this post, you’ll be able to identify the best type of EV for your lifestyle and budget.
What are Electric Vehicles (EVs)?
Electric vehicles (EVs) are cars, trucks, buses, and motorcycles that are powered by electricity from a battery, rather than by gasoline or diesel fuel. EVs use electric motors to propel the vehicle, and they are typically powered by a battery that can be charged from an electrical outlet or charging station. It means that EVs produce zero tailpipe emissions, reducing air pollution and greenhouse gas emissions that contribute to climate change.
EVs are also generally quieter and smoother to ride in than traditional gasoline-powered vehicles. Additionally, EVs require less maintenance than traditional vehicles, as they have fewer moving parts and no oil changes are needed. Overall, EVs offer a cleaner, quieter, and more efficient alternative to traditional vehicles.
Different Types of Electric Vehicles in the Philippines
The Philippines offers a range of electric vehicles (EVs) to suit different needs and preferences. From hybrid electric vehicles to battery electric vehicles, each type has its unique features and benefits.
Hybrid Electric Vehicle (HEV)
Alt tag: Diagram of Hybrid Electric Vehicle (HEV) showcasing the integration of a petrol/diesel engine with an electric motor.
Hybrid electric vehicles use a conventional internal combustion engine (ICE) as their primary power source, assisted by a battery pack. They do not need external charging and can be fueled like regular gasoline vehicles.
Examples of HEVs available in the Philippines include the Toyota Corolla Altis Hybrid, Honda CR-V e:HEV, and Mazda CX-60. These vehicles offer improved fuel efficiency and lower emissions compared to traditional gasoline-powered vehicles.
Plug-in Hybrid Electric Vehicle (PHEV)
Alt tag: Diagram of Plug-in Hybrid Electric Vehicle (PHEV) showing the combination of a petrol/diesel engine, an electric motor, and a battery for dual power sources.
Plug-in hybrid electric vehicles also use both an ICE and a battery pack. However, they have larger batteries that can be charged externally, allowing for extended electric-only driving.
Examples of PHEVs available in the Philippines include the BMW XM, BYD Tang Dual Hybrid Mode, and Mitsubishi Outlander PHEV. These vehicles offer the benefits of both hybrid and electric vehicles, providing a longer electric-only range and lower emissions.
Battery Electric Vehicle (BEV)
Alt tag: Diagram of Battery Electric Vehicle (BEV) illustrating the setup with an electric motor and a battery powered by electricity.
Battery electric vehicles, also known as full-electric vehicles, run solely on electricity from a battery pack. They do not have an ICE and must be charged from an external power source.
Examples of BEVs available in the Philippines include the BYD Atto 3, Kia EV6, and Nissan Leaf. These vehicles offer zero tailpipe emissions and lower operating costs compared to traditional gasoline-powered vehicles.
What are the Advantages of Each Type of Electric Vehicle?
Each type of electric vehicle (EV) has its unique advantages, making them suitable for different needs and preferences. Here are some of the benefits:
Lower Operating Costs
One of the significant advantages of EVs is lower operating costs. Since EVs run on electricity, you can save money on fuel costs, which can be substantial over time. Additionally, EVs require less maintenance than traditional gasoline-powered vehicles, which means you’ll spend less on repairs and replacements.
Environmental Benefits
EVs are an environmentally friendly option, producing zero tailpipe emissions and reducing greenhouse gas emissions. It makes them an attractive choice for those who want to minimize their carbon footprint and contribute to a cleaner environment.
Smooth and Quiet Ride
EVs provide a smooth and quiet ride, making them a comfortable choice for daily driving. The electric motor provides instant torque, which means faster acceleration and a more responsive driving experience.
Government Incentives
The Tax Reform for Acceleration and Inclusion (TRAIN) Act, which came into effect in January 2018, brought about notable tax incentives for electric vehicles. Under this legislation, hybrid vehicles are taxed at only half the usual excise rate applied to automobiles, while fully electric vehicles are entirely exempt from excise taxes.
Access to HOV Lanes
In some cities, EVs are allowed to use High-Occupancy Vehicle (HOV) lanes, even if there is only one person in the vehicle. This can save you time and reduce stress during rush hour commutes.
FAQs
What are the most common electric vehicles?
The most common electric vehicles are hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and battery electric vehicles (BEVs). These types of EVs are widely available in the market and offer different benefits and features.
How long can electric vehicles drive?
The driving range of electric vehicles varies depending on the type and model. On average, HEVs can drive up to 500 miles on a single tank, PHEVs can drive up to 300 miles on electric power alone, and BEVs can drive up to 200 miles on a single charge.
Are electric engines eco-friendly?
Yes, electric engines are eco-friendly because they produce zero tailpipe emissions and reduce greenhouse gas emissions. They are also more energy-efficient than traditional gasoline-powered engines, making them a cleaner and more sustainable option.
Get Started with Babylon2k Today!
Electric vehicles are a great option for those who want to reduce their carbon footprint and save on fuel costs. With various types of EVs available, you can choose the one that best fits your needs and preferences.
At Babylon2k, we offer expert guidance and support to help you navigate the world of electric vehicles. Our accounting services can assist you in optimizing your finances, managing costs, and exploring the best financing options for your EV investments.
Sign up as a client and request a quote to receive personalized assistance tailored to your needs. Let us help you drive towards a greener future with smart financial management and innovative solutions.
