The award recognized how the initiative supports Ayala’s ACMobility in expanding the country’s electric vehicle charging station (EVCS) network and boosting EV adoption nationwide.
“This recognition affirms our efforts to advance electric mobility in the country. This financing has helped accelerate the Philippines’ shift to EVs,” Ayala president and CEO Cezar P. Consing said in a statement on Wednesday.
Signed in January 2025, the $100-million transaction includes a concessional loan from CANPA, an ADB-managed trust fund supported by the Canadian government.
The Asset cited the project’s potential to significantly reduce greenhouse gas emissions and help achieve the country’s 75 percent reduction target by 2030.
—Edited by Miguel R. Camus
