ommuters wait for alternative modes of transportation along Aurora Boulevard in Cubao, Quezon City as public utility jeepneys are rarely seen due to the three-day transport strike on July 24, 2023.
This alarming trend underscores the immediate need for strategic action to address the imminent threat to our economic growth and overall well-being. It has been established that a successful transition to sustainable transportation requires a collaborative and complementary efforts involving both the government and the private sector.
Manuel V. Pangilinan, chairman and chief executive officer of Meralco, emphasized the pivotal role the company plays in the transition to EVs in a recent interview with One News. He highlighted the fact that Meralco is in the best position to install charging stations throughout the country, stating, “Meralco should be the thought leader and lead the charge in the migration to e-vehicles and charging stations.
Nevertheless, the transition to sustainable transportation goes beyond EVs and charging stations; it requires a comprehensive industry-wide approach. Meralco recognizes this, as evidenced by the launch of its subsidiary, Movem Electric, Inc., earlier this year. Movem is set to focus on electric transport solutions – an important component of the transition to EVs.
The path toward cleaner and greener transportation transcends mere EV sales; it requires an industry-wide paradigm shift that puts into consideration the holistic and sustainable development of the EV ecosystem and with the government helping to enable the private sector. Union Bank of the Philippines aims to grow its loan disbursements to small and medium enterprises by a hefty 30 percent...