Japan’s Terra Motors Turns to the Philippines to Sell Thousands of EVs

FEB 18 2014 BY ERIC LOVEDAY 1

“Terra Motors Philippines Corp. is applying for registration with the Board of Investments as a new producer of electric vehicles on a pioneer status with a capacity of 2,500 units per year.”

Terra Motors E Trike

Terra Motors E Trike

Reports Business World Online.

The mostly unknown Terra Motors is a Japanese manufacturer of low-speeed EVs.

Terra was founded in 2010.  Since becoming an EV manufacturer, Terra Motors has carved out a niche and is now Japan’s leading producer of electric two/three wheelers.

Terra Motors heads its operation in Japan, though the manufacturer does have a facility in Vietnam and in the Philippines.

“If the firm’s application will be approved, it will enjoy a six-year income tax holiday; duty-free importation of capital equipment to be used for the project covered; permit to employ foreign nationals in supervisory, technical or advisory positions for five years from date of registration; and simplification of customs procedures for importation of equipment and raw materials.”

Says Business World Online.

For Terra Motors, getting approved as a “new producer of electric vehicles on a pioneer status with a capacity of 2,500 units per year” basically cements in place the company’s dominance in Asia’s growing market for two/three wheel low-speed EVs.

The fact that Terra Motors is headquartered in Japan is what’s so unusual here.  Most of Asia’s leading two/three wheel EV producers come from China.

Terra Motors is looking to invest “roughly $3 million to build a factory in the Philippines to produce electric motorcycles and tricycles for both domestic and foreign markets,” reports Business World Online.

80% of the world’s e-scooter, e-trike and electric motorcycles are sold in the Asia Pacific region.  The goal of Terra Motors is to capture a majority of that market.

Source: Business World Online

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1 Comment on "Japan’s Terra Motors Turns to the Philippines to Sell Thousands of EVs"

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Your electric vehicles coming to the Philippines is right on time where we need to have an alternative
mode of transportation with the use of rechargeable batteries in lieu of the noisy and smoke emitting gas powered tricycles, welcome and Mabuhay !