BEET Philippine Inc., a local subsidy of electric car maker and distributor Uzushio Electric Co., submitted a bid to the Asian Development Bank (ADB) to open market in the Philippines for electric vehicles. The Philippines is planning to replace 100,000 regular tricycles in the country. Once approved, the lithium-run electric tricycles can be utilized instead.
During a press conference on Monday, BEET Philippine Inc. CEO and President Tokushi Nakashima mentioned that ADB has set $300 million in its venture with the Philippine Government to push the electric tricycle in the country by 2016. The Philippines still uses tricycles run by petrol, which is high in contributing air and noise pollution. Nakashima said that Uzushio Electric Co. is eager to help the Philippines solve its environmental issues while providing sustainable livelihood for tricycle drivers. It also believes that compared to regular tricycles, using e-trikes can help the tricycle drivers generate more income.
The electric vehicle maker has more than 50 models of electric vehicles in Japan. BEET has also featured its e-tricycles with five key components needed to withstand road and weather conditions in the Philippines. The e-trike is equipped with an AC motor, an inverter, a vehicle control unit, a rechargeable lithium-ion battery, and a battery management system. Weighing 500 kg, it can run 50 km on a single charge with a speed of up to 60 km/h. It can also accommodate six passengers.
In preparation for mass production, BEET is also in current talks with domestic assemblers. However, Nakashima has not disclosed how much an electric tricycle would cost, as the bid submitted to ADB is still under assessment. BEET Philippine Inc. has already registered its electronic tricycle model with the Land Transportation Office back in March this year.