BYD Philippines sees over ₱200,000 or more drop in vehicle pricing thanks to PBBM E.O. No.12

The effects of the Executive Order No.12 signed by President Ferdinand Romualdez Marcos Jr., which effectively cut import duties of battery electric vehicles to 0%  are now being felt with price changes to electric vehicles (EVs) nationwide.

Brands like BYD Philippines has already adjusted its price list to reflect this change. The automaker has slashed the pricing of its electric vehicles by about ₱200,000 or more, depending on the model. 

Here are the old and new price lists of BYD. 

From what we can see in the new price list, the BYD Dolphin is still one of the most affordable electric vehicles you can get today, offering you about 400 kilometers worth of range. It also gives quite a bit of technology at that price, as the vehicle has a luxurious cabin and feature-laden infotainment system.

However, the BYD Song Plus appears to not have changed its pricing. We also noticed that the pricing for the ATTO3 is not present in the new price list indicating that orders could have been paused either by low demand or lack of supply.

How about the rest?

One thing to note is that other brands, such as Nissan Philippines, have yet to adjust the pricing for its EV, the Nissan LEAF.

The LEAF is priced at ₱2,798,000, making it one of the more expensive electric vehicles available in the market that doesn’t exactly give you an excellent value for money proposition. 

However, as other automakers slowly update their prices, we could soon see the Nissan LEAF become more affordable in the coming months.

The same can be said for Kia Philippines and the EV6, which is set to launch on March 21, 2023.

Its specifications are now available, but its pricing has yet to be determined, with estimates putting it close to the ₱4 million range. Given that E.O. No.12 is now in place, we could see its price drop into the mid ₱3.5 million range. 

Another brand that has yet to update its EV price is Hyundai Philippines with the Ioniq 5.

The pricing for the vehicle was released in February; however, since the E.O. No.12 was recently signed, we could see the South Korean marque adjust its ₱3,698,000 price point to something a little more affordable. 

Stay tuned to AutoFun Philippines for more electric vehicle price updates.