Francisco Motors EV Investment Proposal Targets Philippines Evis

Francisco Motors Develops USD 100-Million Evis Investment Proposal

Reported on August 9, 2026, Francisco Motors is developing a USD 100-million investment proposal for two EV models it intends to enroll in the Philippines government’s Electric Vehicle Incentive Strategy (Evis): an electric jeepney and the battery-powered compact SUV Elektron. The company plans a dedicated facility where components for both models would be produced locally. The proposed investment exceeds Evis’ PHP 5-billion minimum requirement, while participating manufacturers must produce at least 10,000 units of an enrolled model. Francisco Motors has not disclosed its planned production volume.

The company is working on its formal Evis application while awaiting the program’s implementing rules. Francisco said a foreign partner has shown interest in co-investing in the proposed facility, although Francisco Motors would directly fund the USD 100-million investment. The electric jeepney would accommodate 22 passengers plus eight standing passengers, with a range of 100–150 km for the standard version and up to 250 km for the long-range version. The Elektron is described by the company as offering a 400–600 km range, up to 340 kW of output, and a top-variant price of PHP 1.95 million.

Frequently Asked Questions

What investment is Francisco Motors proposing under Evis?
The company is developing a USD 100-million proposal covering an electric jeepney and the battery-powered Elektron compact SUV. The proposed investment would support a dedicated facility in the Philippines where components for both models would be produced. The amount exceeds the Evis minimum investment requirement of PHP 5 billion. Francisco Motors would directly fund the proposed investment, while a foreign partner has expressed interest in co-investing in the facility. The company has not disclosed its planned production volume.

What are the specifications of the two planned EV models?
The electric jeepney would seat 22 passengers plus eight standing, with a 100–150 km range for the standard version and up to 250 km for the long-range version. The Elektron compact SUV is described as having a 400–600 km range, up to 340 kW of output, and a top-variant price of PHP 1.95 million. Both models are intended for enrollment in Evis, while the company continues preparing its formal application and awaits the program’s implementing rules.