Aboitiz Power to shift  vehicle fleet to EVs

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Aboitiz Power Corp. launched its corporate electric vehicle (EV) fleet transformation program with the presentation of new plug-in EVs yesterday.

The company aims to achieve 40 percent electrification of its four-wheeled vehicles and motorbikes by 2030 and finally transform and electrify 100 percent of its fleet by 2040.

Aboitiz Power said the program supports the Electric Vehicle Industry Development Act which mandates industrial and commercial companies to have at least a 5-percent EVs in their of fleet.

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The EVs that will be utilized by the company were manufactured by Build Your Dreams (BYD) and will soon be deployed to three key cities of Aboitiz Power distribution utilities, specifically, Visayan Electric, Davao Light and Cotabato Light.

Anton Perdices, Aboitiz Power distribution utilities chief operating officer, said in a statement the EVs will be deployed in the franchise they serve in Visayas and Mindanao with land areas that are more than six times the size of Metro Manila.

“Electrifying our fleet will help us further reduce carbon emissions, lower operating costs and contribute to cleaner air in the cities where we operate. This way, we are also helping empower the evolution of the cities we serve,” Perdices said.

Emmanuel Rubio, Aboitiz Power president and chief executive officer, said the mobility sector is among the highest energy-consuming sectors in the country.

“The sector accounts for 31.3 percent of total final energy consumption with over 11 million tons of oil equivalent. Globally, it is a major contributor to air pollution and greenhouse gas emissions,” Rubio said.

Aboitiz Power said its EV fleet transformation program also aligns with the growth strategy of adding 3,700 megawatts (MW) of renewable energy in its generation portfolio in the next 10 years.

The company said pursuing EV will also help in reducing the country’s heavy reliance on the importation of fossil fuels for transportation and electricity generation while also reducing emissions and contributing to the company’s bottom line of improved energy efficiency and transportation economics as the cost per kilometer traveled of a unit is at least half compared to internal combustion engine vehicles.

 

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