The Bank of the Philippine Islands (BPI) is seeing a sharp rise in demand for greener mobility financing. This stems from the banking company’s observation that more Filipino motorists turn to hybrid and electric vehicles (EV) amid rising fuel prices and growing environmental awareness.
According to BPI, its green auto loan portfolio posted significant growth throughout 2025, driven by increasing consumer interest in fuel-efficient and lower-emission transportation options. EV financing surged by 219% year-on-year, while hybrid vehicle financing climbed by 136%. Overall, the bank’s total electrified vehicle financing portfolio expanded by 145% during the period.
BPI said the trend shows how buyers are beginning to factor long-term operating costs and sustainability into their vehicle purchasing decisions. This mindset matters today more than ever, as fuel prices remain volatile and charging infrastructure gradually improves across the country. Under the program, customers may avail themselves of financing terms of up to 60 months or five years, along with a streamlined loan application process for eligible EV and hybrid vehicle purchases.
Despite the observed heightened interest in electrified mobility, BPI noted that EV adoption in the Philippines is still in its early stages. Compared to more mature markets in Asia, interest has steadily increased over the past two years due to a combination of government incentives, broader model availability, and improving public familiarity with electrified vehicles.
Beyond financing, the bank is also investing in support infrastructure by equipping selected branches nationwide with EV charging facilities. These are located across Metro Manila, Visayas, and Mindanao, including branches in Parañaque, Commonwealth, Cebu, Iloilo, Bacolod, Cagayan de Oro, and Davao. The initiative addresses practical concerns among current and prospective EV owners regarding charging accessibility.
“More Filipinos today are becoming mindful of both their financial and environmental impact when choosing a vehicle. Through BPI’s E-Vehicle Financing, we aim to support customers who want to shift to hybrid or electric vehicles by making ownership more accessible and manageable, while helping them enjoy the long-term savings and sustainability benefits these vehicles offer,” shared said Dex Cuajotor, BPI Head of Retail Lending and Bancassurance.
Autocar’s Take
BPI’s aggressive push into EV and hybrid vehicle financing shows how banks are beginning to recognize that the future of mobility is no longer a niche conversation in the Philippines. While EVs still face hurdles such as charging accessibility and higher acquisition costs, financing support can significantly lower the barrier for many buyers.
The standout news here is that BPI is not stopping at loans alone. Installing EV chargers at select branches adds practical value and signals long-term confidence in the transition. As more automakers introduce EV and hybrid models locally, initiatives like this could help normalize electrified mobility faster than many expected.
