Villar says that lowering the interest of loans for jeepney modernization will make monthly amortizations – which can cost up to P40,000 per month – more affordable to operators.
Jacob Maimon, president and chief executive officer of Star 8, said that the new model’s price would not be significantly higher than the company’s older electric vehicles, which cost around P2.15 million.
Joel Abarentos, vice chairman of the Taguig Transport Service Cooperative, said that electric vehicles like these would help them save on the cost of diesel, especially during this time of fuel price volatility. Sa isang araw, ang isang unit, gumagastos kami diyan around P1,300 hanggang P1,500 para sa five roundsTinignan ko ‘yung gastos namin sa diesel, mga around P1.3 million sa isang taon. So kung bibili ka rin ng battery na ito bago, okay ka pa. Less maintenance pa ‘yan.
The subsidiary will have the ability to “own, create, develop, manufacture, produce, assemble, configure, reconfigure, use, manage, maintain, operate, repair, improve, test, build, license, sell, market, distribute, lease, import and export, transport service networks utilizing electric energy and other alternative energy sources and their component charging stations, hardware, software, batteries, vehicles, accessories, parts, gadgets, digital application,” Meralco said.
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