ACMobility, Ayala Corp.’s mobility arm, is betting on sustained growth in the electric and hybrid vehicle segment as it sees accelerating consumer demand and a steady shift toward new energy technologies
At a media briefing on Friday, CEO Jaime Alfonso Zobel de Ayala said the the industry was on track for significant electrification over the next decade, driven by both market demand and structural changes in vehicle manufacturing.
“We believe that by 2030, nearly 50 percent of new vehicles sold will come from new energy vehicles or hybrids,” he said, noting that even traditional automakers were increasingly shifting their portfolios toward electrified models.
He said the transition was being driven largely by consumer demand for more efficient vehicles amid high fuel costs and rising interest rates while ensuring lower operating expenses.
At present, he said electric and hybrid vehicles accounted for around 60 percent of retail sales within ACMobility’s portfolio, reflecting early traction in key urban markets.
For 2026, Ayala’s mobility unit said it was targeting a consolidated market share of about 12 percent of total industry volume, supported by its expanding portfolio of electrified brands.
“A large part of that, we imagine, would come from BYD, which has the technologies that are in key growth areas over the course of the year,” he said, adding that Kia’s hybrid and electric offerings were also expected to contribute to volume growth.
Early indicators were said to be showing strengthening demand for electrified vehicles, particularly in terms of rising showroom traffic, inquiries, reservations and digital engagement.
Internal data also indicated penetration of electrified vehicles reaching around 20 to 23 percent of new vehicle sales in recent months while search activity for EV brands, particularly BYD, had jumped sharply, signaling stronger consumer interest.
From February to March, he noted that search volume for BYD increased by nearly 200 percent, reflecting growing awareness and demand for new energy vehicles.
Despite increased competition from global automakers, he said AC Mobility’s early investments in distribution, partnerships and ecosystem development had positioned it strongly in the rapidly evolving sector.
Zobel de Ayala also cited BYD’s vertical integration in battery production as a key structural advantage in cost efficiency, particularly in emerging markets such as the Philippines.
He said ACMobility would continue to leverage its local market knowledge and distribution network to support a broader transition toward electrified mobility, positioning itself as a key player in the country’s shift to sustainable transportation.
Shares of parent Ayala Corp. on Friday dropped P15.00, or 2.97 percent, to P490.00 each.
