BIZ BUZZ: BYD demand hits high gear
The relentless surge in local fuel prices caused by the latest crisis in the Middle East has caused demand for electric vehicles to go up a gear.
Ayala-backed BYD is certainly feeling the increased interest and is confronted with the perhaps happy problem of stocking fast enough to meet the growing order list.
Biz Buzz sources at BYD said that the company was “definitely seeing strong and growing demand across the country, especially as fuel costs remain top of mind for many Filipinos.”
“More [Filipinos] are now actively choosing new energy vehicles that include fully electric vehicles and plug-in hybrid electric vehicles,” they added.
BYD, however, assured the public that can afford to immediately trade in their conventional cars for the electric or hybrid version that overall stock levels across 79 dealerships remained “stable,” although they admitted that some of the popular models may take longer to deliver.
Some customers are reporting a three-month wait for some of their popular models.
The BYD Seagull and Sealion 6 DM-1 led sales in 2025, which was considered a banner year for BYD in the Philippines.
But with the Middle East crisis expected to last longer than initially expected, 2026 may yet turn out to be an even better one as more Filipinos decide to make the switch.
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