TOYOTA MOTOR Philippines Corp. (TMP) reported a 45% increase in electrified vehicle (EV) sales in the first eleven months of 2025, which it plans to boost furtherTOYOTA MOTOR Philippines Corp. (TMP) reported a 45% increase in electrified vehicle (EV) sales in the first eleven months of 2025, which it plans to boost further

Toyota PHL sees 45% jump in EV sales in Jan.-Nov.

TOYOTA MOTOR Philippines Corp. (TMP) reported a 45% increase in electrified vehicle (EV) sales in the first eleven months of 2025, which it plans to boost further through new EV launches.

Data from the company showed that combined EV sales of Toyota and Lexus models reached 16,986 units in January-November, up from 11,745 units in the same period last year.

Toyota accounted for most of the sales at 15,455 units, while Lexus contributed 1,531 units.

“With the ATIV hybrid EV lowering the barrier to EV ownership and the bZ4X joining the market along with Lexus battery EV models, TMP is strengthening its multi-pathway strategy to support the country’s transition toward cleaner and more sustainable mobility,” the company said.

TMP recently launched the ATIV hybrid EV and its first battery EV model in the Philippines, the bZ4X.

“The expansion of the electric lineup from Lexus to Toyota vehicle models signals TMP’s continued push to broaden specification options in line with the company’s ‘Beyond Zero’ sustainability vision,” it added.

The move aligns with Toyota Motor Asia’s target of achieving a 30% EV share of new vehicle sales in Southeast Asia by 2030.

“This broader strategy also reflects the growing need to address the environmental impact of the country’s transport sector,” TMP said, noting that the automotive sector remains a major contributor to greenhouse gases.

“TMP fully supports the Philippine government’s carbon reduction goals, which aim to reduce greenhouse gas emissions by 75% by 2030,” said Masando Hashimoto, president of TMP.

“Today, Philippine customers can choose from four vehicle types — gasoline, diesel, hybrid electric, and battery electric — to be their mobility partner, according to their lifestyle and location,” he added.

According to the company, hybrid EV technology remains the most viable and accessible option in the Philippine landscape.

“Their self-charging capability, fuel efficiency, and reliability make them effective for conditions where charging infrastructure is limited,” TMP said.

The company expects the launch of the ATIV hybrid EV to widen access to hybrid mobility, as it is the most affordable option in its current electrified lineup. — Justine Irish D. Tabile

Market Opportunity
PHILCOIN Logo
PHILCOIN Price(PHL)
$0.02437
$0.02437$0.02437
+9.08%
USD
PHILCOIN (PHL) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The Channel Factories We’ve Been Waiting For

The Channel Factories We’ve Been Waiting For

The post The Channel Factories We’ve Been Waiting For appeared on BitcoinEthereumNews.com. Visions of future technology are often prescient about the broad strokes while flubbing the details. The tablets in “2001: A Space Odyssey” do indeed look like iPads, but you never see the astronauts paying for subscriptions or wasting hours on Candy Crush.  Channel factories are one vision that arose early in the history of the Lightning Network to address some challenges that Lightning has faced from the beginning. Despite having grown to become Bitcoin’s most successful layer-2 scaling solution, with instant and low-fee payments, Lightning’s scale is limited by its reliance on payment channels. Although Lightning shifts most transactions off-chain, each payment channel still requires an on-chain transaction to open and (usually) another to close. As adoption grows, pressure on the blockchain grows with it. The need for a more scalable approach to managing channels is clear. Channel factories were supposed to meet this need, but where are they? In 2025, subnetworks are emerging that revive the impetus of channel factories with some new details that vastly increase their potential. They are natively interoperable with Lightning and achieve greater scale by allowing a group of participants to open a shared multisig UTXO and create multiple bilateral channels, which reduces the number of on-chain transactions and improves capital efficiency. Achieving greater scale by reducing complexity, Ark and Spark perform the same function as traditional channel factories with new designs and additional capabilities based on shared UTXOs.  Channel Factories 101 Channel factories have been around since the inception of Lightning. A factory is a multiparty contract where multiple users (not just two, as in a Dryja-Poon channel) cooperatively lock funds in a single multisig UTXO. They can open, close and update channels off-chain without updating the blockchain for each operation. Only when participants leave or the factory dissolves is an on-chain transaction…
Share
BitcoinEthereumNews2025/09/18 00:09
What is the Outlook for Digital Assets in 2026?

What is the Outlook for Digital Assets in 2026?

The post What is the Outlook for Digital Assets in 2026? appeared on BitcoinEthereumNews.com. The crypto market cap reached $4.3 trillion in 2025 as institutions
Share
BitcoinEthereumNews2025/12/25 03:23
Pudgy Penguins’ Non-Crypto Display Wraps Las Vegas Sphere, Potentially Elevating PENGU Brand Reach

Pudgy Penguins’ Non-Crypto Display Wraps Las Vegas Sphere, Potentially Elevating PENGU Brand Reach

The post Pudgy Penguins’ Non-Crypto Display Wraps Las Vegas Sphere, Potentially Elevating PENGU Brand Reach appeared on BitcoinEthereumNews.com. Pudgy Penguins,
Share
BitcoinEthereumNews2025/12/25 03:41